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The Tempo blockchain was developed to facilitate mainstream adoption of Stablecoin payments.
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The launch of Tempo chain is akin to Tether’s Plasma and Circle’s Arc.
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The clear regulatory outlook for stablecoins in the United States has attracted more institutional investors.
Paradigm has announced the launch of a new layer one (L1) blockchain dubbed Tempo. According to Matt Huang, Paradigm’s founder, Tempo is a payment-focused blockchain that was incubated by several investors led by Stripe and Paradigm, with its key features enabling the mainstream adoption of stablecoin payments.
The development of Tempo involved strategic investments from Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa. As a result, Tempo chain is well-positioned to grow exponentially in the near future.
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