Hassan Maishera
On Monday, the Alchemy Pay team announced via a blog post that it has updated its design and plan for Alchemy Chain, a purpose-built Layer-1 blockchain designed to power the next generation of stablecoin payment ecosystem.
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.
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Fast and deterministic settlement
Built on a Proof-of-Authority (PoA) consensus model, Alchemy Chain delivers block times of approximately 5 seconds and near-instant finality, meeting the reliability standards required by merchants and payment processors.
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Predictable, fixed transaction fees
Alchemy Chain replaces volatile gas markets with a controlled fee system, offering pre-configured, ACH-denominated transaction fees. This ensures transparent and predictable costs for users and businesses.
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Compliance-ready by design
The network integrates seamlessly, ready to use on-and off-ramp infrastructure, supporting KYC/AML requirements, fiat settlement, and institutional-grade payment workflows.
The $ACH token will serve as the gas fee token within the Alchemy Chain network, reinforcing its utility at the core of the ecosystem. As network activity grows, $ACH plays a critical role in securing the network, incentivizing validators, and supporting developer participation.
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 0.5% in the last 24 hours and trades at $0.007614.
