Alchemy Pay and Ethena Labs have joined forces to make it easier for users to purchase USDe and ENA tokens using traditional payment methods. This partnership allows individuals to buy Ethena’s synthetic stablecoin USDe and its native token ENA through Visa, Mastercard, Apple Pay, Google Pay, and other popular payment options.
With Alchemy Pay integrated into the Ethena Swap portal, individuals from over 173 countries can seamlessly convert their local currencies into USDe or ENA. This integration supports more than 50 fiat currencies, making it convenient for users to access and engage with Ethena’s ecosystem without having to navigate centralized exchanges or deal with complex wallet transfers.
The collaboration between Alchemy Pay and Ethena follows a trend of major players incorporating Alchemy Pay’s on and off-ramp solutions to streamline the purchase and sale of digital assets. Last year, decentralized staking protocol Lido integrated Alchemy Pay’s services to facilitate the trading of stETH using fiat currencies. Similarly, Metis, an Ethereum Layer 2 blockchain, partnered with Alchemy Pay to enable users to acquire METIS tokens using local fiat currencies and payment methods like Visa and Mastercard. Most recently, Alchemy Pay expanded its on-ramp support to include Hedera (HBAR) tokens.
Overall, the partnership between Alchemy Pay and Ethena Labs represents a significant step towards enhancing accessibility and usability within the cryptocurrency space. Users can now easily acquire USDe and ENA tokens using familiar payment methods, further bridging the gap between traditional finance and the world of digital assets.