TechFlow reports that on May 7, Alchemy Pay announced the official launch of the Alchemy Chain mainnet. Positioned as a payment-focused Layer 1 blockchain, Alchemy Chain targets real-world stablecoin transactions and claims to be the world’s first global stablecoin payment network compliant with both EU and Hong Kong regulatory frameworks. Alchemy Pay states that Alchemy Chain offers predictable fees, fast settlement, and scalability, and is powered by the ACH token.
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