Alchemy Pay's US compliant version expands to 13 states, how can the payment gateway leverage the cross-border crypto ecosystem

Alchemy Pay officially announces the acquisition of a Money Transmission License (MTL) issued by South Dakota, marking another step forward in the company’s compliance strategy in the United States. From a single-state breakthrough, this not only signifies progress in numbers but also represents a systematic expansion strategy of a payment gateway in the US market.

Milestone in Compliance Expansion

Alchemy Pay is a payment gateway connecting fiat currency and cryptocurrencies, with its core business enabling users to easily enter and exit crypto assets using traditional fiat. The MTL (Money Transmission License) is an important license issued by state-level financial regulators in the US, allowing companies to legally conduct money transmission business within that state.

Obtaining the South Dakota MTL means that Alchemy Pay has now secured such licenses in 13 US states. This state-by-state breakthrough pattern reflects two realities:

• The US does not have a federal-level unified crypto payment license; companies need to apply and comply on a state-by-state basis
• Securing multiple state licenses itself demonstrates the project’s strength and compliance willingness

Ecosystem Collaboration Accelerating

According to recent information, Alchemy Pay has recently partnered with privacy coin DASH to enable fiat deposit channels in 173 countries. The timing of this cooperation coincides with its US compliance expansion, indicating that the company is pursuing two objectives:

1. Building compliant infrastructure (through state-level MTL licenses)
2. Expanding supported currencies and markets (deepening cooperation with projects like DASH). This “infrastructure + ecosystem” dual-track approach is a typical strategy for payment gateway projects.

Token Market Response

Looking at the performance of the ACH token, the market reaction before and after this announcement has been relatively calm. On January 13, ACH rose over 4.2% on Binance but then experienced slight declines (0.35%-1.17%). This subdued response may reflect several factors:

• The market’s relatively low attention to payment infrastructure projects
• While the MTL license in a single state is progress, it is not enough to be a primary driver of the token price
• Investors are more focused on overall user growth and trading volume data

What to Watch Next

Alchemy Pay’s compliance expansion is ongoing. From 13 states to covering more major states, this process may take time. The true indicators of the value of these licenses are:

• Growth in transaction volume and user numbers through these channels
• Deepening cooperation with more mainstream cryptocurrencies
• Increasing market share in cross-border payments

The value of such payment infrastructure projects often lies not in individual licenses but in whether network effects and scale effects can be achieved.

Summary

Alchemy Pay’s acquisition of the South Dakota MTL license marks a continued push in its US market compliance strategy, now covering 13 states. Coupled with ecosystem collaborations with projects like DASH, the company is building a more comprehensive fiat-crypto payment network. Market reactions suggest that while progress in infrastructure is important, it may not immediately drive token prices. The key follow-up will be whether these licenses can translate into increased transaction volume and user base expansion.