Stripe and Paradigm Launch Tempo Public Pilot on Dec. 9, Adding Kalshi and UBS as Partners

Stripe and crypto venture firm Paradigm on Dec. 9 launched a public pilot of their joint blockchain project Tempo, Bloomberg reported. The pilot opens the network to any company building real-world stablecoin payment applications; stablecoins are typically linked to fiat assets such as the U.S. dollar. Tempo onboarded Kalshi and UBS as new partners, and Stripe is among financial institutions, retailers and startups in the fast-growing crypto segment announcing pilots, partnerships or commercialization plans involving stablecoins. Interest in stablecoins rose rapidly during Donald Trump's second presidential term as his administration worked to advance a federal regulatory framework that would provide a clearer environment for these tokens.