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Stripe, Paradigm Launch Tempo Blockchain Testnet for Stablecoin Payments
Stripe and Paradigm Expand Tempo's Blockchain Testnet
- Stripe and Paradigm have launched the public testnet for Tempo, a payments-focused blockchain.
- The initiative allows companies to build stablecoin payment applications on the network.
- New partners include UBS, Cross River Bank, and Kalshi, joining existing participants like Deutsche Bank, Nubank, OpenAI, and others.
- Tempo’s design focuses on predictable settlement times and fee stability, distinguishing itself from traditional blockchains.
- Transactions are charged a fixed fee of one-tenth of a cent, accepting stablecoins including USDT and USDC.
- This model supports microtransactions, appealing to fintech and AI firms preferring usage-based fees.
- Coastal Bank is exploring new capabilities enabled by Tempo's structure.
- The launch aligns with increased US institutional crypto participation, influenced by the GENIUS ACT regulatory framework.
Pepe Node Presale Progress
- Early-stage project Pepe Node is nearing its $2.5 million presale target, currently priced at $0.0010.
- It offers virtual meme coin mining rigs and bonus rewards through network participation.
- Over $2.3 million has been raised so far in the presale.
