Alchemy Pay says it is building Alchemy Chain, a Layer-1 network aimed at making cross-border stablecoin payments cheaper and more compliant, with the company describing it as aligned to regulatory frameworks in Europe and Hong Kong. Its announcement also says the chain is designed to support native issuance and conversion features for payment flows, and Alchemy Pay has separately said it plans to launch its own stablecoin on the network after the chain goes live. The main context is that Alchemy Pay is a fiat-to-crypto payments provider with broad card and local-payment coverage, so the project extends its existing on- and off-ramp business into a dedicated blockchain infrastructure layer. The story matters because it sits at the intersection of stablecoin payments and regulation: Alchemy Pay is positioning Alchemy Chain as a “dual-compliant” network that could support settlement use cases under regimes such as Europe’s MiCA/PSD2 and Hong Kong’s SFC/HKMA frameworks, as interest in stablecoin legislation continues to grow.

AI-generated background, compiled from web sources — not editorial content.

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