Alchemy Pay announced that Alchemy Chain has gone live on mainnet, moving the project’s payments-focused Layer-1 blockchain from testing to live operation. The company says the network is designed for fast, low-cost, predictable stablecoin payments and is intended to support use cases such as merchant payments, remittances, and cross-border settlement. The launch matters because Alchemy Chain is being positioned as more than a technical upgrade: Alchemy Pay says it is building a globally compliant stablecoin payment network aligned with frameworks including the EU’s MiCA regime and Hong Kong’s HKMA rules, with a plan to eventually issue a native USD stablecoin. The company also says the chain uses ACH as its native gas token and connects stablecoins to fiat rails, banks, and wallets, which puts the project at the intersection of crypto payments, regulatory compliance, and real-world settlement infrastructure. For context, Alchemy Pay is a payments company founded in Singapore in 2018 that already operates on- and off-ramp infrastructure linking fiat and crypto. The mainnet launch extends that business into a dedicated blockchain layer, which is why the announcement is framed as a milestone in the company’s shift from payments gateway to blockchain infrastructure provider.

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

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