According to Bloomberg, payments giant Stripe and crypto venture capital firm Paradigm announced on December 9 that their jointly developed blockchain project Tempo is open to the public for testing, allowing any enterprise interested in developing real-world stablecoin payment applications to participate. The public beta also added Kalshi and UBS as partners.
Circle on Tuesday announced the deployment of a public testnet of its payment-oriented Arc blockchain, which offers dollar-denominated fees, sub-second settlements and optional privacy controls and is designed to support financial services such as tokenised funds, cross-border transfers and foreign exchange settlements, and has attracted participation from more than 100 Financial Institution Groups and technology companies, including BlackRock, Visa, HSBC and Anthropic.