Alchemy Pay Collaborates with Ondo Finance to Support Fiat On-Ramp for USDY, a Tokenized US Treasury-Backed Asset

HONG KONG, July 29, 2025 /PRNewswire/ -- Alchemy Pay, a world-leading crypto payment solution provider, today announced an integration with Ondo Finance's US Dollar Yield (USDY) token on Solana with Alchemy Pay's extensive fiat on-ramp, making it easier for users worldwide (outside the U.S.) to acquire USDY using their local fiat currencies.

Through this collaboration, users across 173 countries can now seamlessly purchase USDY on Solana using local fiat currencies and preferred payment methods such as Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and bank transfers. Enabled by Alchemy Pay's global infrastructure of over 300 payment channels and 50+ fiat currencies, this collaboration significantly lowers the entry barrier for non-U.S. investors and institutions seeking compliant, high-quality yield-bearing assets.

USDY combines the accessibility of a stablecoin with the financial strength of U.S. Treasuries, offering 24/7 liquidity, transparent collateralization, and compatibility with a range of use cases, including treasury management, cross-border payments, and wealth preservation. USDY on Solana also benefits from near-instant transactions and minimal associated costs, making it practical for both institutions and individual investors seeking capital efficiency and secure dollar exposure.

Alchemy Pay's ramp solution plays a key role in making crypto more accessible and driving adoption. By enabling seamless conversions between fiat and crypto currencies, it provides both newcomers and seasoned users with a frictionless experience in the crypto space. In addition to Ondo Finance, Alchemy Pay is trusted by leading blockchain projects such as Tether, TON, BNB Chain, Uniswap, Lido, Coinbase Wallet, and Linea. With a strong regulatory presence across the U.S,, UK, Europe, and Asia, Alchemy Pay continues to serve as a compliant and dependable link between traditional finance and blockchain technology.

This collaboration highlights Alchemy Pay's continued mission to bridge traditional finance with the evolving onchain financial ecosystem. As the industry accelerates toward tokenized assets and real-world adoption, Alchemy Pay remains at the forefront by providing secure, compliant, and localized access to next-generation digital assets like USDY. Together, Alchemy Pay and Ondo Finance are advancing the vision of an open, yield-generating onchain economy, while empowering users with tools for everyday financial utility and long-term wealth management.

About Ondo Finance

Ondo is a blockchain technology company. Its mission is to accelerate the transition to an open economy by building the platforms, assets, and infrastructure that bring financial markets onchain. Ondo Chain, its newly launched blockchain, is purpose-built to support institutional-grade onchain financial markets. For more information, visit https://ondo.finance.

About Alchemy Pay

Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The RWA platform allows global users to invest in tokenized real-world assets using local fiat currencies, lowering entry barriers and democratizing access to traditional financial instruments. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. Additionally, the NFT Checkout enables direct purchases of NFTs using fiat payment methods. ACH is the Alchemy Pay network token on the Ethereum blockchain.

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USDY tokens have not been registered under the US Securities Act of 1933, as amended ("Act") or the securities or financial instrument laws of any other jurisdiction, and may not be offered or sold in the US or to US persons unless registered under the Act or an exemption from the registration requirements thereof is available. Additional restrictions may apply. Ondo USDY LLC, the issuer of USDY, is not registered as an investment company under the US Investment Company Act of 1940, as amended, or as an Alternative Investment Fund or Undertaking for Collective Investment in Transferable Securities in the European Economic Area, or under the securities or financial instrument laws of any other jurisdiction. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY. Nothing herein constitutes investing advice. Acquiring USDY involves risks. A USDY holder may incur losses, including total loss of their purchase price. Past performance is not an indication of future results. Additional terms apply.

SOURCE Alchemy Pay