KEY TAKEAWAYS
- Alchemy Pay unveils its strategic plan for Alchemy Chain, a Layer-1 blockchain designed to enhance the stablecoin payment ecosystem.
- The Alchemy Chain operates on a Proof-of-Authority consensus model, ensuring fast and reliable transactions with low costs.
- The $ACH token will be integral to the Alchemy Chain, serving as the gas fee token and supporting network security and development.
- Alchemy Chain plans to launch a native stablecoin to act as a unified settlement asset across various payment channels.
Alchemy Pay, a prominent global provider of crypto-fiat payment solutions, has announced its updated design and strategic plan for Alchemy Chain. This Layer-1 blockchain is specifically designed to enhance the stablecoin payment ecosystem. The announcement was made here.
Over the years, Alchemy Pay has transitioned from a crypto payment gateway to a comprehensive global payment network. This network serves merchants, users, and partners across various regions and currencies. As transaction volumes increase and payment use cases become more complex, the company recognizes the need for a dedicated blockchain infrastructure. This infrastructure aims to support stablecoin payments, which have become integral to digital transactions.
A New Era for Stablecoin Payments
Alchemy Chain is a Web3-native payments Layer-1 blockchain. It is purpose-built for instant, low-cost stablecoin transactions across multiple fiat currencies. Unlike general-purpose blockchains, Alchemy Chain is tailored for payment scenarios such as wallet-to-wallet transfers, merchant checkout, remittances, decentralized application (DApp) commerce, and automated payouts.
The blockchain operates on a Proof-of-Authority (PoA) consensus model, delivering block times of approximately five seconds with near-instant finality. This ensures the reliability required by merchants and payment processors. Additionally, Alchemy Chain offers a controlled fee system with pre-configured, ACH-denominated transaction fees, providing transparent and predictable costs for users and businesses.
Compliance is a key feature of Alchemy Chain, which integrates seamlessly with on-and off-ramp infrastructure. This supports Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, fiat settlement, and institutional-grade payment workflows.
The Role of $ACH in Alchemy Chain
The $ACH token will serve as the gas fee token within the Alchemy Chain network. This reinforces its utility at the core of the ecosystem. As network activity grows, $ACH will play a critical role in securing the network, incentivizing validators, and supporting developer participation.
Looking ahead, Alchemy Chain plans to launch its own native stablecoin. This stablecoin will act as a unified settlement asset across wallets, merchants, and payment channels. The testnet for Alchemy Chain is expected to go live on February 23rd, opening the network to developers, partners, and the broader community.
Why This Matters: Impact, Industry Trends & Expert Insights
Alchemy Pay has unveiled its Alchemy Chain, a Layer-1 blockchain designed to enhance the stablecoin payment ecosystem, supporting instant, low-cost transactions across multiple fiat currencies.
A recent report by a16z crypto highlights the trend of tokenized liquidity and interoperability advancements, which enable instant global settlement and reduce FX exposure. This aligns with Alchemy Chain’s focus on supporting stablecoin payments, positioning it as a foundational settlement layer for global payments.
According to Franklin Templeton, Layer-1 blockchains are evolving into a universal liquidity layer, facilitating instant, interoperable payments between tokenized cash, stablecoins, and yield-bearing assets. This supports Alchemy Pay’s strategic move to enhance its stablecoin payment infrastructure.
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