Cetus Announces Partnership with Alchemy Pay to Enhance Fiat-Crypto Transactions

Cetus, the decentralized exchange (DEX) and concentrated liquidity protocol, has announced an exciting partnership with Alchemy Pay, a prominent gateway payment provider for seamless transactions between fiat and cryptocurrencies. This collaboration enables users on Cetus to make credit card payments effortlessly in exchange for $CETUS and other mainstream coins through Alchemy Pay’s platform.

Cetus is renowned for its innovative design tailored to the Sui and Aptos blockchain ecos. Its primary goal is to establish a robust and adaptable liquidity network, addressing the needs of traders, liquidity providers, developers, and derivative product offerings. Cetus aims to deliver an exceptional trading experience and superior liquidity efficiency to DeFi users by developing a concentrated liquidity protocol and a range of interoperable functional modules. The protocol operates with a permissionless standard, allowing users and applications to utilize its protocols for their specific use cases at any time.

Enhancing the Fiat-Crypto Landscape

At the heart of Cetus Protocol lies its highly customizable liquidity protocol based on the Concentrated Liquidity Management Module (CLMM). This framework empowers users to ute ious complex trading strategies akin to centralized exchanges (CEXs). Liquidity providers can leverage CLMM to maximize their liquidity efficiency by implementing different Maker strategies.

Composability is a key emphasis of Cetus Protocol, facilitating seamless integration of its liquidity into developers’ applications and enabling the creation of products such as liquidity vaults, derivatives, and leveraged farming. The Cetus SDK can be easily integrated into new project teams’ swap interfaces, providing quick and efficient access to Cetus’ liquidity and broader market capabilities. To ensure the sustainability of the protocol, Cetus has adopted a double-token model fueled by CETUS and xCETUS.

Alchemy Pay, on the other hand, is a leading payments solution platform that bridges the gap between cryptocurrency and fiat economies. As a gateway payment provider, Alchemy Pay enables the acceptance of cryptocurrencies through traditional payment protocols while ensuring commercially viable settlement speeds by connecting with adaptation layers of blockchains and layer-2 networks.

Alchemy Pay serves as a seamless payment gateway, connecting crypto and global fiat currencies for businesses, developers, and users. With its on and off-ramp solutions and integrated NFT checkout via plugin or API, Alchemy Pay simplifies onboarding from fiat currency to crypto for platforms and token issuers. The platform supports payments from 173 countries and offers compatibility with Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and domestic bank transfers, with a focus on emerging markets.

The partnership between Cetus and Alchemy Pay holds significant promise for enhancing the fiat-crypto landscape. With Cetus users gaining access to Alchemy Pay’s gateway payment capabilities, the process of transacting between traditional and digital assets will become more streamlined and accessible. This collaboration represents a major step forward in advancing the adoption and integration of cryptocurrencies into the global financial eco.