Alchemy Pay Adds USD1 Stablecoin Support, Expanding Global Access to Regulated Digital Dollar

Alchemy Pay has integrated USD1, a U.S. dollar-backed stablecoin developed by World Liberty Financial (WLFI), into its global payment system—broadening access to a fast-rising digital dollar alternative across 173 countries.

The move, announced on May 30, allows users to purchase USD1 using a variety of mainstream fiat payment options, including Visa, Mastercard, Apple Pay, Google Pay, mobile wallets, and local bank transfers. This integration reflects Alchemy Pay’s ongoing push to bridge traditional finance with the crypto economy.

USD1, launched in March 2025, is managed by BitGo Trust Company—a regulated U.S. custodian—ensuring compliance with American financial standards. Pegged 1:1 to the U.S. dollar and backed by U.S. Treasuries, USD1 has quickly become the seventh-largest stablecoin globally, reaching a market cap of $2.15 billion, according to DeFiLlama.

Alchemy Pay’s platform currently supports more than 300 fiat channels and holds several regulatory licenses, including nine U.S. Money Transmitter Licenses. The firm aims to simplify fiat-to-crypto transactions for both institutional and retail users. Adding USD1 to its suite of supported assets enhances access to a stable, dollar-linked cryptocurrency with strong legal underpinnings.

WLFI, the creator of USD1, operates a decentralized finance (DeFi) platform that emphasizes regulatory compliance. While the organization draws some ideological influence from former U.S. President Donald Trump’s economic principles, it maintains that its primary goal is to provide secure, legal tools for expanding DeFi access globally.

The stablecoin has gained traction on major crypto exchanges such as Binance, Bitget, KuCoin, MEXC, and HTX. WLFI has also partnered with Chainlink to use its cross-chain interoperability protocol, enabling USD1 to operate across multiple blockchain networks—an essential feature for DeFi scalability.

Despite its rapid ascent, USD1 hasn’t escaped political scrutiny. U.S. lawmakers have raised questions about WLFI’s political affiliations and have proposed amendments to the GENIUS Act to examine potential conflicts. Earlier in May, legislators requested records of WLFI’s interactions with the Trump administration. In response, WLFI’s legal team affirmed that the company complies with all relevant U.S. regulations.

Market confidence in USD1 continues to build. MGX, an Abu Dhabi-based investment firm, recently revealed plans to use the stablecoin for a $2 billion investment into Binance, signaling institutional trust in its reliability and utility.