Alchemy Pay is expanding its regulatory reach in the US. The company recently announced that it won no. 9 Money Transmitter License in Arizona, an important move in its strategic expansion plan.

Alchemy Pay continues to take the lead on regulatory progress. It has recently announced plans to launch Alchemy Chain, a dedicated blockchain for stablecoin payments. The launch is now targeted at the fourth quarter of 2025. The goal of this new network is to make these kinds of transactions between local and international fiat-backed stablecoins as seamless as possible.

It is worth noting that the announcement of Alchemy Chain came just a couple days earlier, on June 19. Alchemy Pay’s current fiat-crypto gateway services are already present in 173 countries and support 300+ local payment methods. Recently, Alchemy Pay integrated the BitGo-backed USD1 stablecoin and joined the xStocks Alliance to facilitate fiat-based access to tokenized stocks and exchange-traded funds.

On June 18, Alchemy Pay joined with Ripple to allow fiat on-ramps to Ripple’s newly launched stablecoin, RLUSD. On that very same day, the GENIUS Act was introduced and passed, creating the U.S.’s first comprehensive legal framework for fiat-backed stablecoins.

Internationally, other jurisdictions have moved to create their own regulatory frameworks for stablecoins. Hong Kong, Japan, and the European Union are putting in place licensing regimes, reserve standards, and clearer compliance rules for issuers.

Following the news of it getting its ninth Money Transmitter License, Alchemy Pay’s ACH price rose by as much as 47%. Now the firm is looking for a potential breakout above major resistance levels.