Alchemy Pay announced the launch of its proprietary blockchain, Alchemy Chain, alongside a new stablecoin, coinciding with global regulatory advancements.
Legislative Developments for Stablecoins
Governments worldwide are actively drafting legislative initiatives for stablecoins. On June 18, the US Senate passed the GENIUS Act, which mandates 1:1 dollar reserves and independent audits. This bill will protect compliant stablecoins from SEC jurisdiction.
Launch of Alchemy Chain
Alchemy Pay is developing Alchemy Chain to ensure compliant transactions between major stablecoins like USDT and USDC and regional tokens. The platform is set to launch in Q4 2025, followed by the introduction of Alchemy’s stablecoin.
Partnership with Backed
In addition to its own initiatives, Alchemy Pay announced a partnership with the tokenization platform Backed, expanding access to tokenized stocks and ETFs and strengthening its position in real asset investing.
The launch of Alchemy Chain and new legislative initiatives highlight the growing interest in stablecoins and their integration into traditional finance, which could significantly impact the market.
