On June 10, 2026, fiat-to-crypto payment gateway Alchemy Pay announced it had obtained a Money Transmitter License (MTL) in the U.S. state of Maine. The new authorization allows the platform to conduct regulated money transmission activities involving both virtual currencies and fiat within the state, strengthening its compliance-driven expansion in the United States.
With this latest approval, Alchemy Pay now holds Money Transmitter Licenses across 17 U.S. states, including recent additions like Rhode Island, Delaware, Nebraska, South Dakota, West Virginia, Kansas, South Carolina, Arizona, Wyoming, and Oregon. The license can be independently verified through the Nationwide Multistate Licensing System (NMLS) Consumer Access portal. The company emphasized that multiple additional applications are still under review in various jurisdictions, signaling continued efforts to broaden its regulated presence.
The Maine license directly enhances Alchemy Pay’s capacity to offer compliant fiat-to-crypto exchange services within the state, part of a larger strategy to build a globally compliant network for stablecoin payments and digital asset transactions. As regulators develop clearer frameworks for blockchain-based payments, Alchemy Pay’s state-by-state licensing progress underscores its long-term commitment to operating within established regulatory boundaries.
