Main to remember
The tempo chain focused on the payment of Stripe will be an L1 and not an Ethereum L2 as previously thought. The long -term dent market share of Dent Ethereum on the Stablecoin and tokenized market?
Stripe unveiled Tempo, a new L1 Blockchain payment in collaboration with Paradigm. In Careg so, he officially joined Google in the race for new generation Stablecoin rails.
The tempo was initially According to rumors Be an Ethereum (ETH) L2, similar to the Robinhood chain. However, it will be an autonomous network that uses stablecoins for gas costs, with support for autonomous AI agents.
For its part, the CEO of Stripe, Patrick Collison, presented the chain as “optimized for large -scale and real financial services applications”.
According to the executive, existing block chains are not optimized to increase the traction of the stable reserve in the Stripe ecosystem. Especially he quoted Low speed and user experience as reasons not to avoid the L2 route.
“It is useful for financial applications of the real world that the costs are denominated in a fiduciary currency that makes sense for the user, but existing blockchains name their costs in the blockchain’s specific tokens.”
Source: X
Problem for Ethereum L2S?
Interestingly, the network strives to serve wider use cases, including AI agents payments and tokenized deposits. Collison added,
“We hope that the tempo facilitates things such as acceptance of payments, global payments, sending funds, microtransactions, tokenized deposits, agency payments, etc., to move onchain.”
This is exactly this Ethereum And L2S scale vision should capture. However, With upcoming competition, including Google guculus, its market share could be eaten by new players with large distribution networks.
In fact, Tushar Jain, co-founder of Crypto VC Multicoin Capital, claimed The update was down to L2S.
“The start of the end for L2S”
A similar position was taken up by Crypto investor Jon Charbonneau. He added,,
“Guys with the biggest ETH bags literally build their own L1, and people always think that Ethereum being the” Internet of Value Rules “is a coherent idea.”
For Chuk OkpalugoThe lead from the product to the stablecoin paxos transmitter, Tempo has been positioned as decentralized and its various partners make it “to monitor”.
“Tempo has the features, the partners and the story without authorization. The challenge is the coordination of the partners, but the distribution of Stripe could overcome the start of the cold and bring the others. One to look at!”
Meanwhile, the overall feeling of the market around Ethereum fell slightly after the announcement.
It will be interesting to see how ETH investors react. Especially when these new competing block channels become operational in the coming months.
Source: Santiment
