Alchemy Pay is set to launch a blockchain focused on stablecoins while developing its own stablecoin in response to the growing popularity and regulation of this asset category.
Alchemy Pay Announcement
On June 19, 2025, Alchemy Pay announced plans to launch a blockchain named Alchemy Chain aimed at facilitating transactions with stablecoins. The anticipated launch is scheduled for Q4 2025. This ecosystem will allow seamless transactions between local and international stablecoins, backed by traditional currencies, with plans for a stablecoin release in the future.
Stablecoin Regulation in the USA
With the passing of the GENIUS ACT of 2025, which received a 68-30 vote in the U.S. Senate, the regulation of payment stablecoins pegged to assets like the U.S. dollar has commenced. This act establishes a federal framework aimed at enhancing consumer protection, ensuring financial stability, and promoting the U.S. dollar's dominance in the digital economy, clarifying that payment stablecoins are not securities or investment products.
Stablecoin Market Projections
According to several estimates, the total stablecoin market could reach nearly $1 trillion in the coming years, with the current market cap sitting at $251.7 billion. USDT leads in market capitalization, followed by USDC, Ethena USDe, and others. The U.S. Treasury Secretary predicts a $2 trillion market capitalization by 2028, with Citigroup analysts estimating figures up to $3.7 trillion by 2030. However, analysts caution that significant hurdles, particularly around global regulations, may challenge achieving these projections.
Alchemy Pay is taking steps to adapt its platform to the evolving stablecoin market while regulatory initiatives in the U.S. create new opportunities and challenges for market participants.
