STABLECOINS | VISA and Standard Chartered Launch Validator Nodes on Stripe-Owned Blockchain, Tempo

VISA and Standard Chartered (StanChart) have launched validator nodes on the Tempo blockchain deepening their role in stablecoin infrastructure.

The move places VISA and StanChart’s crypto custodian, Zodia Custody, alongside Stripe as some of the first external validators supporting the payments-focused blockchain which is designed to handle real-time, high-volume transactions using stablecoins.

The nodes allow the payments giants to validate transactions and help secure the network, placing them at the core of Tempo’s real-time payment system alongside other early participants.

VISA has been involved in the project from its early stages as a design partner and is already contributing to payment flows and infrastructure within the ecosystem.

VISA said it configured and now operates its validator node in-house after about six months of collaboration with Tempo’s engineering team, reflecting a broader strategy to take a more direct role in blockchain infrastructure rather than simply building on top of it.

Speaking on this development, the Head of Crypto VISA Labs, Cuy Sheffield:

“These organizations collectively process trillions of dollars in payments every year across nearly every country in the world.

As some of the largest institutions in global payments, they maintain infrastructure at massive scale and have deep experience with the reliability and uptime standards that payments demand, bringing that same technical excellence to validate the Tempo network.

We’ll continue expanding the validator set with additional partners on our path to permissionless validation.”

Tempo is a layer-1 blockchain designed for high-volume, real-time stablecoin and machine-to-machine payments with validators earning stablecoin rewards for processing transactions.

The move reflects a broader push by established payment companies into blockchain rails as traditional financial firms ramp up efforts to integrate stablecoins into global payment and settlement systems.

Stay tuned to BitKE on stablecoin developments globally.

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