Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1 (L1) blockchain, designed specifically around stablecoins, aims to streamline digital transactions and enhance payment efficiency. Stripe And Paradigm’s New Payment Solution Tempo emerges as part of a growing trend of Layer-1 blockchains dedicated to stablecoin integration, joining the ranks of initiatives like Circle’s Arc and Tether’s Plasma Layer-1 blockchains compatible with the Ethereum Virtual Machine (EVM). Related Reading: ONDO Price Skyrockets As Over 100 Tokenized Assets And ETFs Are Set For Ethereum Debut Its launch comes at a time when interest in cryptocurrency is surging, fueled by the Trump administration’s favorable stance towards the crypto sector and recent legislative progress, including Congress’s passage of the first stablecoin-focused bill, the GENIUS Act, in July
source: https://www.newsbtc.com/news/stripe-and-paradigm-announce-tempo-a-new-layer-1-blockchain-for-stablecoins/