Stripe Acqui-Hires Crypto Payments Startup Valora, Venturing Further Into Stablecoins

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.

Payments giant Stripe has acquired the team behind the crypto wallet app Valora, while the app's intellectual property returns to Celo's cLabs. This move is part of Stripe's strategy to bolster its initiatives in the cryptocurrency sector.

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.