Tempo, a payments-focused blockchain developed by Stripe and Paradigm, launched its public testnet on Tuesday, Dec. 9, allowing developers to begin building on the blockchain.

The network is designed for fast payments, low fees, and support for stablecoins, which now have a market capitalization of $308 billion, up from $180 billion in November 2024, according to DeFiLlama.

The testnet includes dedicated payment lanes that reserve space for transactions and keep fees low, at about one-tenth of a cent per payment. Meanwhile, blocks are finalized roughly every 0.5 seconds – and “transactions in finalized blocks are guaranteed to be included in the chain,” according to the official announcement.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io