Alchemy Pay Launches Alchemy Chain Testnet for Stablecoin Payments

Alchemy Pay has launched the testnet for Alchemy Chain, a Layer-1 blockchain designed for stablecoin payments with faster settlement and predictable fees. The network is built for payment use cases and focuses on instant transaction finality, low transaction costs, and fee predictability. The $ACH token will serve as the native gas token, covering transaction fees and supporting network operations. The launch marks a strategic evolution for the company, shifting from a crypto payment gateway to a self-sustaining financial network built around stablecoin utility and on-chain settlement.