According to TechFlow by DeepTide, on June 19, an official announcement stated that Alchemy Pay plans to officially launch Alchemy Chain in Q4 2025, followed by the issuance of its own stablecoin. The goal is to become a central exchange hub for global and local stablecoins, facilitating compliant and efficient cross-border value flow. The platform will support seamless conversion between global stablecoins (such as $USDT, USDC) and local stablecoins (such as EURC, MBRL), aggregating liquidity across chains and jurisdictions.