Alchemy Pay has given users around the world an easy way to move cash to the blockchain by adding StraitsX’s $XSGD and $.XUSD Stablecoins aim to enter fiat currencies. Already known for connecting traditional payment rails to crypto networks, the payment gateway enables people in 173 countries to purchase fiat-backed tokens through familiar methods such as Visa and Mastercard, Apple Pay and Google Pay, local bank transfers, and mobile wallets across over 50 fiat currencies.
It may sound technical, but the practical effects are simple. Individuals and businesses seeking stable, regulator-friendly crypto exposure can now convert their local currency to $XSGD and $.XUSD Without jumping through hoops. For many users, especially institutions that value compliance and payment certainty, this eliminates a major point of friction between bank accounts and stablecoins.
StraitsX positions itself as a payments layer built for stablecoins. Its $XSGD and $XUSD is a fully reserved fiat-backed token aimed at smoother cross-border payments and liquidity flows. Importantly, both coins have been recognized by the Monetary Authority of Singapore as being substantially compliant with the regulator’s upcoming single currency stablecoin framework. This shows that these coins are designed with surveillance and real-world integration in mind. StraitsX also works with established banks such as Standard Chartered and DBS to help projects connect traditional finance with on-chain liquidity.
Faster flow from fiat to cryptocurrencies
For Alchemy Pay, the listing is part of a broader push to mainstream crypto payments. The company has built a global network backed by an array of regulatory approvals, including 10 US remittance licenses and permits across Southeast Asia, South Korea, Europe and the UK. License footprint is important. This gives payment partners and customers confidence that their flows meet regulatory expectations when moving fiat currencies into the crypto world.
Behind the scenes, Alchemy Pay is also building its own new infrastructure. The company is developing Alchemy Chain, a layer-1 blockchain focused on stablecoin payments, and plans to launch a testnet soon alongside its own stablecoin. This roadmap suggests that Alchemy Pay sees the future of payments as a combination of traditional rails and a dedicated blockchain layer working together.
Addition of $XSGD and $XUSD It expands the options available to users seeking a compliant path to digital currency. This is a reminder that the stablecoin ecosystem is maturing. Issuers are working with banks and regulators, and payment gateways are trying to make implementation as smooth as possible. For end users, this means fewer steps, less confusion, and a clearer path from everyday money to programmable money. This integration is expected to accelerate adoption by businesses and consumers seeking reliable digital payment options.
As stablecoins become central to cross-border transactions and digital commerce, partnerships like Alchemy Pay and StraitsX demonstrate a simple idea being played out in the market. When regulated issuers and established payment providers work together, moving between fiat and cryptocurrencies will feel less like a technological stunt and more like an everyday utility.
