Stripe’s Tempo Blockchain Is a ‘Referendum on the Ghost of Libra,’ Says Libra Co-Creator
Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.
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Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.
Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.
The USDC stablecoin issuer last week said it is building its own blockchain focused on stablecoin finances.
Taurus’s stablecoin privacy layer uses zero-knowledge proofs and was built atop the Aztec Network.
The Trump appointee overseeing the nation’s housing agencies said Freddie Mac and Fannie Mae should take mortgage applicants’ crypto holdings into account.
The decline coincided with a BIS report casting doubts about stablecoins’ future role in global finance.
Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.
The U.S. president addressed an annual Coinbase event.
Circle’s IPO exceeds expectations with a surge in demand, pushing shares above the marketed range.
Circle raises its IPO share count and price range as strong investor demand fuels interest.