Alchemy Pay has joined hands with Ethena Labs to make it easier for people to buy digital assets with everyday payment methods.
This new partnership now allows users to directly purchase $USDe and $ENA using regular payment options like Visa, Mastercard, Google Pay, and Apple Pay. Bank transfers and mobile wallets are also supported.
The service is available in over 173 countries and works with more than 50 fiat currencies.
Expanding Access to Synthetic Dollars
Through this move, Alchemy Pay becomes an official fiat-crypto ramp provider within Ethena’s system. Users can now go to the Ethena Swap portal and use Alchemy Pay’s services to convert regular money into crypto.
This makes it simpler for people around the world to step into Ethena’s ecosystem and gain access to its stablecoin and governance token.
Ethena runs on Ethereum and focuses on building a synthetic dollar called USDe. This digital dollar is backed by a mix of crypto assets like Bitcoin, Ethereum, and Solana.
The protocol uses advanced trading strategies, like delta-hedging, along with liquid stablecoins such as USDC and USDT to maintain stability. With the help of Alchemy Pay’s ramp, Ethena is making it easier for users to interact with its products, especially those not already deep into crypto.
Also Read: Ethena Raises $100 Million To Expand Crypto Offerings For Institutional Investors
Helping More People Get Into Crypto
Alchemy Pay is well-known for building bridges between traditional finance and the world of blockchain. Its payment tools make it smooth and easy for anyone to move between fiat money and crypto.
This is helpful not just for new users but also for experienced ones who want quick access to digital assets.
Alchemy Pay already works with top blockchain names like Tether, BNB Chain, Uniswap, Lido, and Coinbase Wallet. Its strong presence in markets across the U.S., UK, Europe, and Asia adds to its trustworthiness.
Ethena’s Price Actions and New Investments
At the moment, Ethena’s token is priced at $0.2694. It has seen a 10.19% drop in the last 24 hours. Trading volume has also dipped by over 17%, and the total market cap stands at $1.49 billion. Despite the short-term slump, long-term interest in Ethena seems strong.
Backing this growth, MEXC Ventures has invested $16 million in Ethena. The goal is to push further development and encourage adoption of stablecoin technology.
MEXC’s support signals trust in Ethena’s model and its role in shaping the future of decentralised finance.
This partnership between Alchemy Pay and Ethena marks a step forward for crypto accessibility. By letting users buy stablecoins and governance tokens with familiar payment methods, it lowers the barrier to entry.
As both companies continue to grow, their collaboration is likely to play a key role in expanding the reach of synthetic dollars and making DeFi tools more widely available around the world.
Also Read: Ethena Labs Partners with Deribit to Introduce USDe as Reward-Bearing Stable Margin Collateral