Payments giant Stripe acquires team from crypto wallet app Valora

Klarna, the Swedish fintech company, has announced a partnership with Privy, a Stripe-owned entity, to develop features for crypto wallets, following its recent launch of the KlarnaUSD stablecoin. This collaboration aims to enhance the integration of cryptocurrency within Klarna's ecosystem.

Stripe has acquired the team behind Valora, a crypto payments startup based on the Celo platform, while returning its intellectual property to cLabs. This move signifies Stripe's commitment to expanding its footprint in the cryptocurrency space, particularly in stablecoin solutions.

Stripe has launched the public testnet for its blockchain initiative, Tempo, which aims to enhance payment solutions and has attracted partnerships with major institutions such as Mastercard and UBS. This development is part of Stripe's broader strategy to expand its presence in the cryptocurrency sector.

Tether's USDT stablecoin has been designated as an Accepted Fiat-Referenced Token by Abu Dhabi's ADGM, allowing its use across multiple blockchains including Aptos, Celo, Cosmos, and others. This regulatory recognition expands Tether's previous approvals and enhances its operational capabilities in the region.

Tempo, a blockchain initiative backed by Stripe and Paradigm, has launched its public testnet, collaborating with major partners including Mastercard, Klarna, UBS, and Kalshi. This development aims to facilitate sub-cent stablecoin payments, positioning Tempo as a significant player in the evolving landscape of mainstream finance.

Stripe and Paradigm have launched the public testnet for their stablecoin blockchain, Tempo, which aims to provide tools for developer onboarding and stablecoin testing. This initiative marks a significant step in the evolution of payment solutions within the cryptocurrency space.

Tempo, a blockchain initiative backed by Stripe and Paradigm, has launched its testnet, focusing on payment solutions and attracting significant institutional partners including Kalshi, Mastercard, and UBS. This marks a pivotal step in the development of a blockchain designed for efficient payment processing.