Stripe and Paradigm Open Tempo Blockchain to the Public, Add Kalshi and UBS as Partners

Odaily Planet Daily News: Stripe Inc. and crypto venture capital firm Paradigm have launched a public test for their joint blockchain project, Tempo, opening the network to all companies interested in building real-world stablecoin payment applications. Tempo aims to enable platforms to easily accept stablecoin payments by providing a simplified plug-and-play experience. The network addresses the traditional issue of rising blockchain transaction costs due to congestion by setting up a payment-dedicated channel independent from the rest of the network. Tempo charges a fixed fee, with each payment transaction costing $0.001. New partners for Tempo include financial companies UBS, Cross River Bank, and prediction market operator Kalshi Inc. Existing partners include Deutsche Bank, Nubank, and AI startups OpenAI and Anthropic. Matt Huang, co-founder and managing partner at Paradigm as well as head of the Tempo project, stated that they hope to bridge the experience gap for developers considering real-world use cases for stablecoins.