Alchemy Pay will launch Alchemy Chain, which will implement a stablecoin revenue mechanism

ChainCatcher news, the cryptocurrency payment solution provider Alchemy Pay has announced the release plan for its Layer 1 blockchain, Alchemy Chain. Alchemy Chain is built on the scalable Solana Virtual Machine (SVM) architecture, designed to support the growing demands of Alchemy Pay's business operations and to revolutionize the integration of cryptocurrency and fiat payments.

ACH will serve as the utility token for Alchemy Chain, allowing users to pay gas fees with it or fiat currency. For developers, Alchemy Chain will provide a meme launchpad and meme bot tools. Additionally, Alchemy Chain will implement a stablecoin revenue mechanism, offering users the opportunity to earn yields.