TL;DR:
- RedStone was chosen because the oracle supplier for Tempo, the funds blockchain developed by Stripe and Paradigm, following an exhaustive market analysis.
- The community will present real-time FX feeds with sub-second updates, overlaying pairs reminiscent of USD/KRW and USD/MXN, and would be the first native pathUSD feed.
- Tempo launched its mainnet with companions together with Anthropic, OpenAI, Mastercard, Visa, Revolut and Shopify, and was valued at $5 billion after elevating $500 million.
Tempo, the funds blockchain co-developed by Stripe and Paradigm, introduced the combination of RedStone as its official oracle supplier. The community will provide real-time forex feeds to underpin the cross-border funds ecosystem that Tempo seeks to construct at international scale.
In accordance with the official announcement, Tempo carried out an exhaustive analysis of the oracle market earlier than selecting RedStone, inserting specific worth on the precision of its stablecoin feeds, sub-second replace frequency and protection of main forex pairs reminiscent of USD/KRW and USD/MXN, together with the flexibility to assist direct settlements in non-dollar-denominated pairs.
“Appropriate costs should not non-compulsory for all the pieces that strikes by way of Tempo,” the corporate’s crew said within the launch. Nischay Upadhyayula, Tempo’s head of go-to-market, added that “accuracy in forex costs is prime for the worldwide funds use circumstances being constructed on the community.”
RedStone: Most Precision in Actual Time
RedStone may even present the primary native feed for pathUSD, Tempo’s foundational cost token. The community’s prior expertise collaborating with platforms reminiscent of Mento, which operates decentralized forex markets, proved decisive in assembly the necessities of an institutional-grade funds infrastructure.
The combination additionally contains Credora, a part of the RedStone Stack, whose position is to present threat scores understandable to customers and establishments that don’t come from the DeFi ecosystem. For a blockchain oriented towards enterprise commerce, that part facilitates the onboarding of conventional actors with out requiring familiarity with good contract audits.
Marcin Kaźmierczak, co-founder of RedStone, described Tempo as “the primary blockchain designed round how cash really strikes” and said that the community was constructed to fulfill exactly the calls for of precision, continuity and verifiability that such an setting requires.
RedStone operates throughout greater than 110 chains and rollups and backs over $8.5 billion in complete worth locked; its integrations embody Morpho, Ethena, EtherFi and BlackRock’s BUIDL fund by way of Securitize. Tempo, for its half, launched its public testnet in December, collaborating on its design with Mastercard, UBS and Kalshi.
