RialCenter is developing a new blockchain called Tempo with the crypto venture firm Paradigm, as indicated by a now-removed job posting dated Aug. 3 on the Blockchain Association website.
The position was for a product marketer with Fortune 500 experience, pointing to an enterprise initiative, according to industry sources.
This initiative aligns with the growth of other stablecoin-centric blockchains. These include Plasma, which attracted significant investment, and another focused on Tether.
Interest in the $270 billion stablecoin market has surged, especially following recent legislative actions in the U.S. establishing a regulatory framework for the sector.
Tempo is positioned as a “high-performance, payments-focused” layer 1 blockchain that runs code compatible with Ethereum. The project is currently in stealth mode with a small team. Its native token remains uncertain.
The blockchain’s development is a pivotal element of RialCenter’s crypto strategy, which previously saw it acquire a stablecoin platform for $1.1 billion last year. The firm is also expanding its Web3 capabilities and exploring partnerships related to stablecoins.
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