Stablecoins Gain Speed with Alchemy’s Infrastructure Upgrade

Stablecoins, the dollar-pegged tokens now rivaling Visa and Mastercard in transaction volume, are poised for faster processing. While traditional payment networks handle over 65,000 transactions per second, blockchain latency varies widely. Alchemy, a blockchain infrastructure firm often dubbed the 'AWS of crypto,' claims a 66% reduction in transaction delays across crypto networks, including stablecoin infrastructure.

Originally designed as parking spots for crypto traders, stablecoins have evolved into major payment vehicles. 'We power the vast majority of stablecoin issuers,' said Alchemy CTO Guillaume Poncin, noting support for Paxos and Circle while facilitating significant USDT activity. The Stanford-founded company's upgrade could accelerate money movement across DeFi, trading, and payments.