Stripe and Paradigm reveal Tempo layer-1 blockchain for stablecoin payments infrastructure
Stripe and Paradigm unveiled Tempo, a layer-1 blockchain designed for stablecoin payments.
A Sept. 4 announcement from Paradigm founder Matt Huang validates hypothesis that started when Stripe posted and rapidly deleted blockchain engineering job listings in August.
Private testnet section
Tempo operates in a personal testnet with choose companions testing cross-border payouts, B2B payments, and remittances.
According to Huang’s announcement, the Ethereum Virtual Machine (EVM)-compatible community targets high-volume cost use instances by way of devoted infrastructure decisions, together with predictable low charges, payments in any stablecoin by way of a built-in automated market maker, and specialised consumer expertise options.
Tempo processes over 100,000 transactions per second with sub-second finality by way of a devoted payments lane that separates routine transactions from advanced sensible contract operations.
Design companions embody Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa.
The partnerships span conventional monetary establishments, neobanks, e-commerce platforms, and synthetic intelligence firms.
Visa chief product and technique officer Jack Forestell stated:
“The future is multi-chain: stablecoins will function throughout numerous blockchain networks and Visa is enabling interoperability between chains and stablecoin manufacturers.”
Stablecoin neutrality
Tempo incorporates stablecoin neutrality, permitting any entity to problem stablecoins and use any stablecoin for payments or fuel charges. This construction contrasts with networks that favor particular stablecoin issuers or require native tokens for transaction charges.
The built-in automated market maker allows seamless conversion between completely different stablecoins. The community helps opt-in privateness transactions and contains compliance hooks designed for regulatory necessities.
These options tackle enterprise issues about transaction privateness whereas sustaining compatibility with anti-money laundering and know-your-customer laws.
The blockchain addresses real-world cost flows, together with international payouts, embedded monetary accounts, quick remittances, tokenized deposits for steady settlement, microtransactions, and automated payments.
Built on Reth, Tempo maintains EVM compatibility whereas optimizing for payment-specific performance. Independent entities, together with design companions, will function validator nodes earlier than transitioning to a permissionless mannequin.
Stripe joins Circle within the motion to launch a layer-1 community centered on payments with stablecoins. On Aug. 12, Circle revealed Arc, a multi-chain infrastructure for stablecoin transactions.
Tempo positions itself as complementary to current general-purpose blockchains quite than competing straight with established layer-1 networks.
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