Alchemy powers Cash App stablecoin payments for 59M+ monthly users
Alchemy says it is the infrastructure behind Cash App's stablecoin payments, calling it evidence that mainstream adoption is already here. Cash App — which serves 59M+ users a month — runs 3.5M+ balance checks a day on Alchemy's Node RPC APIs and Webhooks, keeping every stablecoin balance and transfer continuously verifiable against public chain state.
- Alchemy's follow-up X post touts the broader payments win: Slash processes $10B+ in annual payments and Pana added 200K+ users in 6 months on Alchemy infrastructure
- Alchemy previously touted its payments infrastructure across $1T+ in annual transaction volume, with clients including Robinhood and Stripe
Sources
- RT @Alchemy: 💳 The future of payments is in production. We give payments teams onchain infra their customers can rely on. ⚡@CashApp: 3.5M+…x.com ↗
- 💪 "Wen mainstream adoption?" It's here. We're powering @CashApp. They now serve 59M+ users a month with stablecoin payments. https://t.co/bSFSp9NQB1 Replying to their earlier post: 🚀 Faster. We deployed 230+ agents that resolve 73% of alerts on their own. Median incident resolution time: 30 mins → 8 mins Engineering hours saved: 120 hrs/month All of that time put back into bu…x.com ↗
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