Alchemy Pay is accelerating its expansion into the stablecoin economy with the upcoming launch of its proprietary blockchain, Alchemy Chain, alongside the introduction of a native stablecoin.
This development positions the firm as a foundational infrastructure provider at a time when global regulatory frameworks for stablecoins are gaining clarity and momentum.
This strategic move comes as governments worldwide move swiftly to establish comprehensive rules for fiat-backed digital assets. On June 18, the United States Senate passed the GENIUS Act, the nation’s first full-scale stablecoin legislation. The act mandates 1:1 dollar reserves, independent audits, and monthly disclosures while officially categorizing compliant stablecoins as non-securities, shielding them from SEC jurisdiction.
IMG TXT: Alchemy Pay to Launch Stablecoin. Source: Alchemy Pay
Following closely, Hong Kong introduced its legislation in May requiring stablecoin issuers referencing or operating in the region to obtain licenses from the Hong Kong Monetary Authority. The framework enforces strict guidelines on reserve management, redemption processes, and risk oversight. Meanwhile, in Europe, the EU’s Markets in Crypto-Assets (MiCA) framework entered its final rollout phase in December 2024, introducing licensing mandates and market abuse safeguards. Similarly, Japan enacted new rules in early 2025 that allow up to 50% of stablecoin reserves to be held in short-term government bonds, improving reserve stability and returns.
In response to these converging regulatory developments, Alchemy Pay is building the Alchemy Chain to enable seamless, compliant transactions between major global stablecoins, such as USDT and USDC, and regional tokens, including EURC and MBRL. Scheduled for launch in Q4 2025, the platform will support regulated cross-border flows, with Alchemy’s proprietary stablecoin launching shortly thereafter.
Building on its infrastructure strategy, Alchemy Pay has also announced a partnership with the tokenization platform Backed. The collaboration, part of the broader xStocks Alliance, will enable fiat-based access to tokenized stocks and ETFs, expanding the reach of real-world asset investing and reinforcing Alchemy Pay’s role in bridging traditional finance and blockchain.
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