Hassan Maishera
On Monday, the Alchemy Pay team announced via a blog post that the Alchemy Chain testnet is now live.
Alchemy Chain is a Web3-native payments Layer-1 blockchain, purpose-built for instant, low-cost stablecoin transactions across multiple fiat currencies.
Unlike general-purpose blockchains, Alchemy Chain is designed from the ground up for payment scenarios, including wallet-to-wallet transfers, merchant checkout, remittances, DApp commerce, and automated payouts.
Through the testnet, developers and partners can experience Alchemy Chain’s core capabilities, including:
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Near-instant transaction finality with Proof-of-Authority (PoA) consensus
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Controlled and predictable transaction fees enabled by Controlled Gas Fee System (CGFS)
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A network architecture optimized for stablecoin transfers, which is already built up with ready to use on & off-ramp with regulated operations.
The $ACH token serves as the native gas fee token on Alchemy Chain, supporting network operations and strengthening its utility at the core of the ecosystem as the network adoption expands.
The public testnet represents a key step toward the future mainnet launch, providing an environment to test network performance under real-world conditions and support broader validator participation. Alchemy Chain welcomes developers, partners, and ecosystem participants to deploy, test, and build on the Alchemy Chain testnet as the development continues.
Looking ahead, Alchemy Chain plans to launch its own native stablecoin, which will act as a unified settlement asset across wallets, merchants, and payment channels. This stablecoin will streamline liquidity, improve settlement efficiency, and enhance the overall payment experience.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down 0.3% in the last 24 hours and trades at $0.007070.
