Stripe is building a new blockchain called Tempo with a Crypto Venture Firm Paradigma, according to a Remo Remo Posting a Jobs dated August 3 on the Blockchain Association website.
The paper sought by a product mancore with Fortune 500 experience, which signed an enterprise push, according to Fate.
The move coincides with the development of other stablecoin-focused blockchains. It includes Plasmawho drew over $ 373 million in an oversubscribe token sale, and tether dedicated to blockchain Stable.
Interest in the $ 270 billion stablecoin sector is growing significantly. Trump recently Signing of the Genius Act to the Law has helped to strengthen the sector, as it established a regulation framework for the US sector
The tempo is described as a “high performance, focused on the payment” layer 1 that will run the code compatible with the Ethereum. The project is on Stealth with a team of five, Fortune reports that mention resources familiar with the effort. It is unclear whether it will have its own native token.
Blockchain development marks another step in Stripe’s crypto strategy, which has seen the Stablecoin platform get Bridge for $ 1.1 billion In October. Firm was also obtained Crypto Wallet Startup Privy To expand its web3 capabilities, and explored Bank partnerships with Stablecoins.
