Mastercard stock gained traction after Alchemy Pay, a Singapore-based fiat-to-crypto payment gateway, officially joined the Mastercard Crypto Partner Program. The initiative, launched on March 11, already includes more than 85 crypto-native companies, payments providers, and financial institutions. It aims to create a unified framework for bridging on-chain innovation with traditional card rails, particularly for cross-border settlement, payouts, and business-to-business money transfers.
Alchemy Pay already had a relationship with Mastercard through inclusion on its Site Data Protection (SDP) Compliant Registered Service Provider List, alongside giants like Amazon and Google. Now, as a partner, it gains deeper integration into the payment giant's ecosystem. The company supports fiat-to-crypto transactions in 173 countries using over 50 fiat currencies and offers products such as on-ramp and off-ramp solutions, an NFT checkout, and a white-label crypto card program on both Visa and Mastercard networks.
The news coincides with Alchemy Pay’s recent launch of Alchemy Chain mainnet, a stablecoin-focused Layer 1 blockchain designed for merchant payments, remittances, and cross-border settlements. The network, built with regulatory frameworks like Europe’s MiCA and Hong Kong’s evolving stablecoin rules in mind, will use its native token ACH as a gas-fee token and for validator staking. Mastercard’s executive vice president, Raj Dhamodharan, emphasized the program’s focus on translating technical innovation into scalable, compliant use cases that integrate into everyday commerce, signaling a significant step toward real-world crypto adoption.
