Stripe Backs Tempo: A Dedicated Payments & Stablecoin Blockchain

Payments giant Stripe is venturing further into the blockchain realm by supporting the creation of Tempo, a novel layer-1 blockchain. This initiative is specifically tailored to address the complexities of digital payments and stablecoin functionalities. The emphasis on a dedicated layer-1 solution suggests a move towards building highly efficient and scalable infrastructure capable of handling large volumes of transactions for digital currencies. This development underscores the growing intersection between traditional financial technology and decentralized ledger technologies, with major players like Stripe recognizing the potential for blockchain to redefine global payment systems.