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Alchemy Pay has announced the official launch of its Alchemy Chain mainnet, focusing on stablecoin payments. According to Foresight News, the blockchain aims to establish a global compliant stablecoin payment network. Alchemy Chain is designed to align with both the European MiCA and Hong Kong HKMA compliance frameworks, and it plans to issue its own native stablecoin to facilitate enterprise-level settlement networks across the EU, Asia-Pacific, Africa, and the United States.

The Alchemy Chain testnet was launched in March this year, and since then, it has accumulated over 160,000 test addresses.