Alchemy Pay has launched the public testnet for Alchemy Chain, a new Layer-1 blockchain built to support stablecoin payments with faster settlement and predictable fees. The rollout marks the company’s latest push to position itself at the centre of crypto-to-fiat payment infrastructure.
Alchemy Chain is designed specifically for payment use cases rather than generalized smart contract activity. According to the company, the network focuses on delivering near-instant transaction finality, low transaction costs, and fee predictability, three features it views as essential for stablecoin adoption in real-world commerce.
The #AlchemyChain testnet is now live.
Built for real-world stablecoin payments with predictable fees and fast settlement. Powered by $ACH.
RPC for developers and partners to deploy and test: https://t.co/fhLFEmx4J5
Follow the guide here: https://t.co/LI4z9yuq34Read more:… pic.twitter.com/mtsSgXWNMR
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) February 23, 2026
Built for stablecoin settlement
The testnet uses a Proof-of-Authority consensus model to enable faster confirmation times. It also introduces a Controlled Gas Fee System intended to stabilize transaction costs, a common challenge on other public blockchains where fees fluctuate based on demand.
Alchemy Pay said the network architecture is optimized for stablecoin transfers and integrates directly with its existing fiat on- and off-ramp infrastructure. The company currently provides regulated payment services across multiple jurisdictions, allowing users to move between traditional currencies and digital assets.
Developers can access documentation, deployment guides, faucet services, and blockchain explorers as part of the testnet release. The company is encouraging ecosystem partners and validators to begin testing payment workloads ahead of a planned mainnet launch.
$ACH utility expands
The $ACH token will serve as Alchemy Chain’s native gas token, covering transaction fees and supporting network operations. The company said this move is intended to deepen the token’s role within its ecosystem as network usage grows.
The launch arrives at a time of intensifying competition among blockchain projects racing to dominate the stablecoin payments market, a sector expanding rapidly as issuers increase circulation and payment providers demand faster, cheaper settlement rails.
This development builds on the company’s earlier push into regulated crypto payments and financial infrastructure, signalling a broader strategic evolution.
The organization has now unveiled Alchemy Chain, a dedicated Layer-1 blockchain engineered to support fast, low-cost, and predictable stablecoin transactions on a global scale. The move represents a decisive shift from its earlier role as a crypto payment gateway toward establishing a self-sustaining financial network built around stablecoin utility and on-chain settlement.
According to the company, 2025 marked a pivotal year of expansion. It strengthened its global crypto payment network, secured additional regulatory approvals, and deepened its involvement in tokenized assets and stablecoin infrastructure. Among its regulatory milestones was the acquisition of a Money Transmitter License in the U.S. state of Nebraska, a step that advances its strategy to broaden its compliant operating footprint across the American market.
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