Alchemy Pay announces Alchemy Chain release plan: stablecoin income mechanism will be implemented

Crypto payment solution provider Alchemy Pay today announced the release plan of its Layer 1 blockchain Alchemy Chain, which is built on the scalable Solana Virtual Machine (SVM) architecture and is designed to support Alchemy Pay business operation needs and change the integration model of crypto and fiat payments. It is reported that ACH will serve as the utility token of Alchemy Chain, allowing users to pay gas fees. Users can use ACH or fiat currency to pay gas fees and transactions, and seamlessly convert profits and other on-chain income into fiat currency. In addition, Alchemy Chain will also implement a stablecoin income mechanism to achieve seamless account mapping and data synchronization, minimize redundant data storage and optimize scalability. Alchemy Pay will also launch two important tools designed to simplify the process for developers and their ecological projects. One is Meme Launchpad, which aims to provide an intuitive platform to lower the technical threshold and promote the creation and launch of Meme-based projects; the other is Meme Telegram Bot, which provides a streamlined "light mode" interface for developers to easily navigate and interact with the ecosystem.