List of Flash News about stablecoin chain
Time | Details |
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2025-09-05 20:07 |
Stripe and Paradigm Announce Tempo Stablecoin Chain: Stripe’s Biggest Crypto Project Yet with Deep Funding, Startup Execution, and Potential Pressure on Ethereum (ETH) Stablecoin Activity
According to @muneeb, Stripe and Paradigm announced Tempo, a new stablecoin-focused chain backed by Paradigm funds and Stripe’s balance sheet, organized to execute with startup-like speed for crypto infrastructure. Source: @muneeb. He notes Stripe has recently acquired and integrated crypto-native firms Bridge and Privy, has strong in-house engineering and founder-level talent, and brings unparalleled distribution and initial customers through its existing market position. Source: @muneeb. He adds Paradigm is atypical for a VC, with CTO Greg and in-house crypto and security R&D hires, signaling strong technical depth behind Tempo. Source: @muneeb. Addressing censorship concerns, he argues that Tether (USDT) and USDC already implement blacklist and freeze controls, so centralized stablecoins on decentralized rails do not gain censorship resistance; instead, fast UX, low fees, and stablecoin-denominated gas can drive adoption. Source: @muneeb. He views Tempo as competing more with newer stablecoin chains like Plasma or Stable than with Ethereum, and says it could take usage from chains that rely heavily on stablecoins for revenue and narrative, to some extent including Ethereum (ETH). Source: @muneeb. From a Bitcoin builder perspective, he advocates for Tempo-like chains to leverage Bitcoin (BTC) security and finality as Stacks settles to Bitcoin L1, and to support issuance of BTC-derived assets such as sBTC. Source: @muneeb. |