Hassan Maishera
On Wednesday, the Alchemy Pay team announced via X that it has successfully obtained a Money Transmitter License (MTL) in the State of Delaware.
Under Delaware statute, the transmission or payment of money—including checks, drafts, money orders, and other monetary instruments—constitutes regulated money transmission activity. Entities engaging in such activities are required to obtain a Money Transmitter License and operate under the supervision of the Delaware Office of the State Bank Commissioner.
With this license, Alchemy Pay is authorized to provide regulated money transmission services within the state, in full compliance with local regulatory requirements.
With the addition of Delaware, Alchemy Pay now holds Money Transmitter Licenses in fifteen U.S. states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, South Carolina, Kansas, West Virginia, South Dakota, and Nebraska. The company continues to expand its regulatory footprint in the United States, with additional license applications currently under review across multiple jurisdictions.
This expanding regulatory coverage directly supports Alchemy Pay’s ability to scale its fiat-crypto payment services, deepen its market presence, and deliver compliant on-ramps and off-ramps to a broader user base. It also lays a critical regulatory foundation for Alchemy Pay’s longer-term strategic initiatives, including the launch of its own stablecoin and the development of its upcoming stablecoin-based blockchain infrastructure, Alchemy Chain.
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 up 9.5% in the last 24 hours and trades at $0.007298.
