Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Alchemy Pay Launches Public Testnet for Payment-Focused Blockchain

Alchemy Pay Launches Public Testnet for Payment-Focused Blockchain

CointurkCointurk2026/02/23 12:21
By:Cointurk

Alchemy Pay, the cryptocurrency payment infrastructure provider, has unveiled the public testnet of its new Layer-1 blockchain network, Alchemy Chain. Designed specifically for stablecoin transfers, this latest initiative aims to connect the cryptocurrency world with traditional finance in a faster, more cost-effective, and predictable manner. The company envisions a system where digital assets integrate seamlessly with conventional payment infrastructure, addressing long-standing challenges around transaction speed and cost.

Specialized Architecture for Stablecoin Transactions

Unlike general-purpose smart contract platforms, Alchemy Chain has been built with a singular focus: payment operations. The company highlights near-instant transaction finality, low transfer costs, and a transparent fee structure as core features intended to drive broader real-world adoption of stablecoins. By tailoring the network’s design to the practical needs of payments, Alchemy Pay hopes to make stablecoins a go-to vehicle for digital and cross-border settlements.

Consensus Mechanism and Fee Regulation

For the testnet phase, the network implements a Proof-of-Authority (PoA) consensus model. This approach aims to minimize confirmation times while offering users a controlled fee environment, reducing the unpredictability of fluctuating network charges. Alchemy Pay says its new blockchain architecture is optimized for stablecoin transfers and integrates directly with existing fiat-on/off-ramp services. By leveraging its portfolio of regulated payment services across several countries, the company enables users to move seamlessly between traditional currencies and digital assets.

The firm emphasizes that this integration will streamline transactions, making digital asset payments not only more accessible but also as intuitive as transferring funds through standard banking channels. Alchemy Pay’s established presence in regulatory frameworks gives it a unique position to bridge the divide between fiat and cryptocurrencies.

Infrastructure for Developers and the Ecosystem

To bolster ecosystem growth, Alchemy Pay has made technical documentation, deployment guides, faucet services, and blockchain explorer access available to developers and partners during the testnet period. The company is actively inviting validators and business collaborators to participate in stress-testing scenarios, particularly those involving high-volume payment transactions. This collaborative phase is designed to lay the groundwork for a robust and production-ready mainnet in the near future.

The platform’s native token, ACH, will serve as the instrument for transaction fees on the Alchemy Chain. Alchemy Pay notes that the updated architecture is crafted to further expand ACH’s role within the network, integrating it as a fundamental component of both fee payments and network operations.

“The ACH token will perform a core function in transaction fees and network operations on Alchemy Chain. This will broaden its role throughout the ecosystem,” the company explained.

Along with deploying the new network, Alchemy Pay announced that it has fortified its global payments infrastructure, securing additional regulatory approvals. In particular, it has expanded its U.S. market reach by obtaining a Money Transmitter License in Nebraska. These developments reflect Alchemy Pay’s commitment to cementing its stablecoin-focused financial infrastructure on a solid regulatory foundation.

The launch of Alchemy Chain marks a strategic pivot for Alchemy Pay, signaling its evolution from serving as a crypto payment gateway to building its own financial network. The organization ultimately aims to make stablecoin payments universally accessible, fast, and transparent across borders.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Oil prices are Trump’s “big trouble,” while the yen is everyone’s problem

Oil prices are approaching $110 per barrel, with only seven and a half weeks left before the midterm elections, and the probability of the Democratic Party regaining the Senate has surpassed 50%. Political and economic pressures are forcing the White House to seek relief. Meanwhile, the structural appreciation of the yen poses an even deeper global risk—the correction in the U.S.-Japan interest rate differential, large-scale Japanese capital repatriation, and the forced unwinding of carry trades are all likely to simultaneously push up European and American bond yields and awaken the VIX. A cross-asset volatility storm may already be brewing.

华尔街见闻2026/09/12 02:41

Once the Federal Reserve starts the rate hike cycle, is "three consecutive hikes" a reasonable expectation?

BMO expects consecutive rate hikes in October and December, with a total of three increases potentially wiping out all rate cut gains for 2025. Vanguard believes "three consecutive hikes" is a reasonable starting point, but the actual number could be as high as six. There are historical exceptions: in 1997, the Federal Reserve raised rates only once and took no further action for the following 18 months. Meanwhile, trillion-dollar debt financing by AI giants, private credit exposure in the insurance industry, and the 10-year U.S. Treasury yield approaching 5% are the most dangerous pressure points in this rate hike cycle.

华尔街见闻2026/09/12 01:26

Goldman Sachs Also Changes Its Tune: The Fed Will Raise Interest Rates Next Week!

Goldman Sachs has shifted from predicting a rate hold to betting on a 25 basis point hike next week, stating that this change is not due to particularly bad inflation data—the August CPI was not perfect, but it wasn’t alarming either. The real key is that hawkish comments from Waller have already shaped market expectations: "If the inflation data isn’t perfect, there will be a rate hike." If the Federal Reserve backs down now, its credibility will suffer a serious blow and long-term interest rates could react sharply and immediately.

华尔街见闻2026/09/12 01:11