Stripe and Paradigm open the Tempo blockchain to the public, adding Kalshi and UBS as partners.

Odaily reports that Stripe Inc. and crypto venture capital firm Paradigm have launched a public test for their collaborative blockchain project, Tempo, opening the network to any company interested in building real-world stablecoin payment applications.

Tempo aims to make stablecoin payments easy to accept by providing a simplified, plug-and-play experience. The network addresses the issue of rising transaction costs due to congestion in traditional blockchains by establishing a dedicated payment channel independent of the rest of the network. Tempo charges a fixed fee of 0.1 cents per transaction.

Tempo's new partners include financial companies UBS and Cross River Bank, as well as prediction market operator Kalshi Inc. Previous partners include Deutsche Bank, Nubank, AI startups OpenAI and Anthropic. Matt Huang, co-founder and managing partner of Paradigm and head of the Tempo project, stated that the aim is to fill the experience gap for developers considering real-world use cases for stablecoins.