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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Settlement giant Stripe develops a Practical Blockchain specialized in stablecoins "Tempo" = reports
It was revealed on the 11th that the fintech giant Stripe is secretly developing a high-performance blockchain called "Tempo." This was uncovered through job postings and reports from Forbes, and it is designed as a chain optimized for payments.
The development of "Tempo" coincides with the rapidly growing interest in stablecoins. In July, the Genius Act signed by President Trump provided a framework for federal regulatory guidance, and major tech companies like Meta and Airbnb are also considering the integration of stablecoins.
Tembo is the investment by Stripe following the acquisition of the stablecoin company Bridge for $1.1 billion in October and the wallet company Privi that was acquired in June. Stripe has been actively expanding its cryptocurrency business in recent years.
Stripe CEO Patrick Collison stated during congressional testimony in March that "the maturation of underlying technology is increasing substantial business interest in stablecoins." They have acquired a stablecoin integration platform through the acquisition of Bridge and strengthened wallet functionalities with the acquisition of Privy.
The competing company Circle also announced yesterday the development of its own stablecoin-focused Layer 1 blockchain "Ark." A public testnet is scheduled to start this autumn, using USDC as the native gas.
Ark offers an enterprise-grade platform compatible with EVM, providing stablecoin payments, FX, and capital market applications.