Stripe and Paradigm’s Tempo blockchain integrates RedStone as data feed provider
Tempo blockchain, co-developed by Stripe and Paradigm, has integrated RedStone as its oracle provider for continuous FX data feeds.Summary
Tempo, the payments-focused blockchain incubated by Stripe and Paradigm, has selected RedStone as its oracle provider. This integration includes powering the first native data feed for pathUSD, Tempo's foundational payment token, by supplying continuous foreign exchange (FX) feeds necessary for applications to price and settle transactions in local currencies.
Tempo chose RedStone after a comprehensive evaluation, citing its accurate stablecoin price feeds, sub-second update frequency, coverage of major FX pairs like USD/KRW and USD/MXN, and infrastructure supporting direct non-USD settlements. RedStone's capabilities, including multi-pair liquidity and 24/7 availability, will be utilized on Tempo's native Forex DEX from launch. Furthermore, RedStone brings existing reliance from institutions and protocols entering Tempo's ecosystem, such as those using BlackRock's BUIDL via Securitize and Ethena.
RedStone co-founder Marcin Kaźmierczak emphasized that Tempo demands an accurate, continuous, and verifiable data layer for its payment rails. RedStone will support several initial Tempo applications, including a global payroll platform and a project involving tokenized deposits for a financial institution. Tempo launched its public testnet in December and previously raised $500 million.
(Source：The Block)