Stripe’s stablecoin blockchain Tempo launches public testnet

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 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.

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.

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.

The cryptocurrency industry is approaching a significant turning point, often referred to as its 'Netscape moment,' driven by the introduction of regulated investment products, as highlighted by Matt Huang of Paradigm. This shift indicates a growing acceptance and integration of crypto into mainstream finance.

Paradigm researchers have identified that Polymarket's trading volume is being double-counted across major analytics dashboards due to redundant blockchain events, raising concerns about the accuracy of reported trading figures.