Stripe's Tempo Blockchain Starts Public Test, Adds Kalshi, Mastercard, UBS as Partners
CoinDesk
Stripe and Paradigm's payments-focused blockchain, Tempo, launched its public testnet, adding partners like Kalshi, Mastercard, and UBS.Summary
Tempo, a blockchain developed by Stripe and crypto investment firm Paradigm, has launched its public testnet to advance stablecoin payments for mainstream use. The network is designed for high-volume financial transactions, offering low fees (about one-tenth of a cent per transaction) and instant finality, payable in stablecoins without needing a volatile gas token. Tempo has also welcomed new institutional partners to its network, including Kalshi, Mastercard, and UBS, joining existing partners like Visa and Deutsche Bank. This launch aligns with the growing global adoption of stablecoins, which are projected to become integral to cross-border payment rails.
(Source：CoinDesk)