Solana News Today: Ondo and Alchemy Pay Expand USDY Access to 173 Countries via Local Fiat On-Ramp

Ondo Finance and Alchemy Pay have expanded access to tokenized U.S. Treasury-backed assets by integrating the USDY yieldcoin with Alchemy Pay’s global fiat on-ramp. This integration allows users in 173 countries to purchase USDY using local currencies via payment methods like Visa, Mastercard, Apple Pay, and bank transfers. USDY, a stablecoin backed by short-term U.S. Treasuries and cash equivalents, generates yield while maintaining dollar parity, offering a secure alternative to traditional stablecoins [1]. The partnership reduces barriers for non-U.S. investors seeking exposure to dollar-based digital assets, particularly in regions with inflationary pressures or limited access to U.S. financial products.

The integration leverages Solana’s high-speed, low-cost blockchain infrastructure, enabling USDY to facilitate efficient cross-border settlements, treasury operations, and DeFi interactions. Solana’s scalability supports institutional-grade liquidity management, including collateralization and lending, for users outside traditional banking systems [1]. This development aligns with growing demand for tokenized real-world assets (RWA), as emerging markets increasingly adopt digital solutions for yield generation and financial inclusion.

Real-world applications of USDY are already emerging. Small and medium enterprises (SMEs) in Latin America and Southeast Asia are using the token for cross-border supplier payments, while digital wealth platforms offer it as a savings tool to retail users. Crypto treasuries are also reallocating stablecoin reserves to USDY to optimize returns without significant risk exposure [1]. These use cases highlight USDY’s role in bridging gaps between traditional finance and decentralized ecosystems.

Alchemy Pay, a fiat-crypto infrastructure provider since 2017, is expanding beyond on/off-ramp services to Web3 banking and RWA investing. Its network supports 50+ local currencies and 300+ payment channels, positioning it as a gateway for global RWA adoption. Ondo Finance, meanwhile, aims to democratize access to institutional-grade assets through USDY and plans to expand its tokenized treasury product suite across multiple blockchains [1].

The collaboration underscores the strategic importance of Solana in enabling scalable, cost-effective DeFi solutions. By combining U.S. Treasury-backed yields with blockchain efficiency, USDY addresses a critical need for secure, liquid assets in volatile markets. This shift reflects broader trends toward tokenizing real-world financial instruments, a space projected to grow as regulators and institutions explore compliant digital alternatives [1].

Sources: [1] [Alchemy Pay Opens 173 Countries to Ondo’s USDY Token, Boosting Tokenized Treasury Access] [https://www.cryptoninjas.net/news/alchemy-pay-opens-173-countries-to-ondos-usdy-token-boosting-tokenized-treasury-access/]