according to official announcement, Alchemy Pay plans to officially launch Alchemy Chain in the fourth quarter of 2025, followed by issuing its own stablecoin, aiming to become a central exchange hub for global and local stablecoins, promoting compliant and efficient cross-border value flow.The platform will support frictionless conversion between global stablecoins (such as USDT, USDC) and local stablecoins (such as EURC, MBRL), aggregating liquidity across chains and jurisdictions.