With stablecoins becoming the focus of the discussion in the wider crypto market, several companies, firms, and institutions are now planning to launch their in-house stablecoin to ease the transaction process for their users and customers.
In a press release dated June 19, 2025, Alchemy Pay has announced that it is planning to launch a blockchain especially for stablecoin payments named Alchemy Chain.
The date of launch is expected to be in Q4, 2025; yet to be launched, the ecosystem will facilitate hassle-free transactions between local and international stablecoins backed by traditional currency.
It is worth noting that after the launch of Alchemy Chain, the company also plans to launch a stablecoin in the near future.
In an X post dated June 19, 2025, Alchemy Pay said, “ With stablecoin regulation gaining global momentum, AlchemyPay will launch AlchemyChain, a stablecoin-focused blockchain in Q4, and is planning for a stablecoin launch in the future.”
With #stablecoin regulation gaining global momentum, #AlchemyPay will launch #AlchemyChain, a stablecoin-focused blockchain in Q4, and planning for a stablecoin launch in the future. We are ready to lead as a global & local stablecoin exchange hub. Read our article for… pic.twitter.com/pfzQAE3oDu
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 19, 2025
As the regulations over stablecoins are getting clarity in some of the regions, including Hong Kong, the United States, Japan, and the European Union.
The GENIUS ACT of 2025
The GENIUS ACT of 2025 is a U.S Senate bill passed with a 68-30 vote, which aimed at regulating payment stablecoins pegged to assets like the U.S dollars to maintain stablecoins.
It also establishes a federal framework to enhance consumer protection, ensure financial stability, and promote the U.S dollar’s dominance in the digital economy.
Under this act, payment stablecoins as digital assets are pegged to a fixed monetary value used for payment or settlement, explicitly stating they are not securities, commodities, or investment products under federal law.
Only “permitted payment stablecoin issuers” can issue stablecoins in the United States, including the subsidiaries of insured depository institutions, federal qualified nonbank payment stablecoin issuers, including others.
Both the Guiding and Establishing National Innovation for U.S Stablecoins Act of 2025 and the Stablecoin Transparency and Accountability for Better Ledger Economy Act of 2025 aim to regulate dollar-backed stablecoins, ensuring consumer protection, financial stability, and compliance with anti-money laundering and national security measures.
Is the stablecoin market eying a market cap above $1T?
As per several estimates, the total stablecoins market is expected to reach nearly $1 trillion in the next coming year; when writing, the market cap was $251.7 billion.
In terms of market capitalization, USDT leads the list, followed by USDC, Ethena USDe, Dai, Sky Dollar, BlackRock USD, World Liberty Finance, and Ethena USDtb.
The U.S. Treasury Secretary, Scott Bessent, has predicted a $2 trillion market capitalization by 2028, with some analysts, like those from Citigroup, estimating up to $3.7 trillion by 2030.
Yet there are also estimates that to test the $1 trillion or above mark, the stablecoin category is expected to face severe hurdles like global regulatory stance and others.
