Farcaster founders Dan Romero and Varun Srinivasan join stablecoin startup Tempo

Farcaster co-founders Dan Romero and Varun Srinivasan have announced they are joining stablecoin startup Tempo, following their recent departure from leadership roles at Farcaster after its acquisition by Neynar. Romero stated he aims to help bring stablecoins into mainstream use, viewing them as a "generational opportunity," while Srinivasan will focus on building a fast, inexpensive, and transparent global payments network. This move shifts their focus from wallet products built on Farcaster infrastructure to payments and stablecoin infrastructure. Tempo, incubated by Stripe and Paradigm, raised $500 million last year and is positioning its Layer 1 blockchain for stablecoin settlement, with partners like Mastercard and UBS involved, and companies like Klarna planning to issue stablecoins on the network. The broader Merkle team is also reportedly joining Tempo.

(Source：The Block)