Alchemy Chain Shifts to Stablecoin-Focused Layer 1 for Real-Time Cross-Border Payments

• Alchemy Pay has released its official white paper for the Alchemy Chain project, marking a transition toward a stablecoin-specialized Layer 1 blockchain.
• The platform is designed for high-efficiency cross-border payments, enabling real-time stablecoin swaps to reduce payment friction.
• The white paper outlines:
  • Foundational principles
  • Technical architecture
  • Upgrade roadmap

This shift aligns with the GENIUS Act by the U.S. Senate, providing a regulatory framework for stablecoin use in digital payments.

According to the white paper, Alchemy Chain is optimized for real-time stablecoin payments and aims to provide infrastructure for both small and large transactions across stablecoins like USDT, USDC, EURC, and USDP.

Technical Framework and Roadmap

The white paper highlights three core areas:
1. Architecture Design: A consensus mechanism tailored for high-throughput environments to ensure scalability and security for stablecoin transactions.
2. Ecosystem Strategy: Specifications for supporting decentralized applications and business-level use cases.
3. Development Roadmap: Planned stages of development including protocol upgrades and support programs for developers.

Global Payment Infrastructure

The Alchemy Chain is developed to meet the growing demand for interoperable financial infrastructure, allowing for real-time conversion and transfer of various stablecoins, addressing common challenges in cross-border finance, such as delays and high costs.

Alchemy Pay plans to share further details about mainnet progress, partnerships, and ecosystem expansion. Financial institutions and developers are encouraged to engage with the white paper and follow future developments.