Alchemy Pay has secured a Currency Transmitter License in Rhode Island, expanding its regulatory presence in the United States as crypto payment firms continue pushing deeper into compliant financial services.
🇺🇸#AlchemyPay has obtained a Rhode Island Currency Transmitter License, bringing its U.S. coverage to 16 states.
This license further expanded its U.S. regulatory footprint and supported the growth of compliant fiat-crypto payment services and stablecoin-powered infrastructure… pic.twitter.com/UL55khB6iD
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 20, 2026
Alchemy Pay adds another U.S. money transmitter license
The approval allows the company to legally handle money transmission, remittance services, and certain virtual currency activities under Rhode Island financial regulations. With the addition, Alchemy Pay now holds money transmitter licenses across sixteen U.S. states.
The company said the move strengthens its ability to expand regulated fiat-to-crypto payment services in one of the world’s largest financial markets.
Stablecoin payments become a larger focus for crypto firms
Alchemy Pay linked the Rhode Island approval to its broader stablecoin payment strategy, including development around Alchemy Chain, the company’s payments-focused blockchain network.
The project is designed to support faster, lower-cost stablecoin transactions while connecting blockchain payments to traditional financial systems. The company said the long-term goal is to build infrastructure that supports stablecoin issuance, settlement, and integration into everyday financial activity.
The expansion reflects a wider trend across the crypto sector, where firms are increasingly focusing on regulated payment products instead of purely speculative trading services.
As governments continue developing digital asset rules, regulatory approvals are becoming more important for companies seeking institutional partnerships and mainstream payment adoption.
Global compliance strategy expands beyond the U.S.
Beyond the United States, Alchemy Pay has also expanded its regulatory footprint in several major markets. The company previously secured digital currency registration in Australia, financial business registration in South Korea, and membership in Switzerland’s financial self-regulatory framework.
It has also increased its regulatory positioning in Hong Kong through investment in a Securities and Futures Commission-regulated entity tied to virtual asset licensing.
The company says these approvals are part of a long-term strategy to build compliant global payment systems that connect traditional finance with digital assets.
The growing focus on licensing highlights how regulatory credibility is becoming a competitive advantage for crypto payment providers in 2026.
Meanwhile, Alchemy Pay joined the Mastercard Crypto Partner Program, marking a new step in its push to connect crypto payments with global financial systems. The move strengthens its role in bridging digital assets and traditional payment networks.
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