Stripe-Backed Blockchain Tempo Starts Testnet; Kalshi, Mastercard, UBS Added as Partners

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.

Swissborg has partnered with Mastercard to launch a crypto debit card that will be available across 30 countries, marking a significant step in integrating cryptocurrency into everyday financial transactions. This collaboration aims to enhance user access to digital currencies through a familiar payment method.

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.

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.

Swapper Finance has partnered with Chainlink and Mastercard to launch Direct Deposits, aiming to facilitate global payments directly into the on-chain economy for over 3.5 billion users worldwide. This initiative marks a significant step in enhancing the accessibility of cryptocurrency transactions for a vast audience.

A U.S. judge has temporarily halted enforcement actions by the Connecticut Department of Consumer Protection against Kalshi, a prediction market platform, allowing the company to continue its operations for the time being. This ruling comes amidst ongoing scrutiny of Kalshi's activities in the state, particularly concerning allegations of illegal sports wagering.

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.

Kalshi has achieved a significant milestone by surpassing $2.8 million in trading volume on the Solana blockchain, driven by the introduction of tokenized event contracts. This surge in on-chain activity reflects a growing interest in decentralized finance and prediction markets within the cryptocurrency sector.