Alchemy Pay Obtains Mississippi Money Transmission License, Increasing Its Licensed States to 20

Alchemy Pay secured a money transmitter license (MTL) from the Mississippi Department of Banking and Consumer Finance, bringing its total licensed U.S. states to 20, with additional applications still under review. The Singapore-based crypto payment firm said the approval expands its U.S. compliance network for fiat-to-crypto on-ramp and off-ramp services and supports its stablecoin business and the development of Alchemy Chain, its stablecoin-focused Layer 1 blockchain. The license adds to Alchemy Pay's international registrations, including a digital currency exchange provider (DCEP) registration in Australia, an electronic financial business registration in South Korea, membership in Switzerland's VQF self-regulatory organization, and a stake in Hong Kong SFC-regulated HTF Securities Limited. The milestone matters as regulatory licensing becomes a key competitive moat for crypto payment providers seeking to bridge traditional finance and digital assets across jurisdictions. What to watch next: the pace of Alchemy Pay's remaining U.S. state approvals and whether the expanded licensing translates into measurable payment volume growth and Alchemy Chain progress.