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What is the stablecoin vision of $ACH @AlchemyPay?
Alchemy Pay's stablecoin-focused vision is truly grand.
The company aims to establish a global payment and remittance network based on stablecoins (. This involves launching a Layer 1 blockchain called Alchemy Chain to integrate traditional fiat currencies like )dollars and euros with the crypto world. The goal is to make cross-border payments faster, cheaper, and more accessible, particularly to enhance financial access in developing markets. Stablecoins play a key role here, as they provide value transfer without volatility, and Alchemy Pay positions this as a "stablecoin super highway."
Stablecoin Plans and Vision:
Alchemy Pay plans to officially launch Alchemy Chain in Q4. This blockchain will be focused on stablecoins and aims to facilitate global remittances. It will enhance liquidity by combining different fiat-backed stablecoins, such as mainstream ones like USDT and USDC, with local fiat-backed options, providing instant and cross-border transactions. The vision is to bridge traditional banking with crypto by turning stablecoins into a hub – for example, adding AI-supported payments to enable AI agents to conduct real-world transactions. This will also expand with the integration of RWA Real World Assets, creating more use cases through tokenized assets.
Global Access and Use Areas:
They are currently operating in 173 countries and want to make their stablecoins accessible through fiat ramps (in/out). For example, they partnered to globally promote Ripple's RLUSD stablecoin. The goal is to use stablecoins more for remittances and cross-border payments rather than retail – just as giants like Visa see the competition in stablecoins, Alchemy Pay also plans to be a pioneer in this field. By aggregating stablecoin liquidity, they will make any fiat-stablecoin conversion instantaneous.
Future Goals:
They are considering launching a stablecoin in 2025, which will make this chain the center of the stablecoin ecosystem. Additionally, they will automate payments with AI integration. The overall vision is to make Alchemy Pay a "global financial hub" – uniting fiat and crypto economies through stablecoins.
Licenses:
Yes, they are obtaining important licenses in many countries. This is one of the cornerstones of this vision, because you cannot establish a stablecoin network on a global scale without compliance.
So far, they have obtained the Money Transmitter License (MTL) in many states in the US, and they plan to expand in most states by 2025.
They have gained access to SFC Type 1, 4, and 9 licenses in Hong Kong for investments and securities, in compliance with stablecoin regulations.
Other Countries:
UK (API approvals), Canada, South Korea, Australia (dual license applications), Lithuania, Indonesia, Dubai and more. There are a total of 12 licenses, and more will come in 2025. These licenses make cross-border remittance and digital currency transactions critical and secure for stablecoin operations. These licenses support Alchemy Pay's vision as regulations make stablecoins more reliable (for example, 1:1 backing and audits). The company creates frictionless payments by using these. E.g.; they support over 50 fiat currencies with local payment channels. I think the vision here is to make crypto mainstream: A global economy accessible to everyone through stablecoins.
My cost of ACH coin is $0.016
Let no one be left unseen or unheard.
Wishing everyone great profits 🫂
(altcoin #crypto