Kraken has added deposit and withdrawal support for USDC.e and USDT0 on the Tempo network, with the feature going live on July 10, according to Techub News, citing CryptoBriefing. Tempo is described as a payments-focused Layer 1 backed by Stripe and Paradigm, with average settlement times of about 0.5 seconds and stablecoins used for gas fees. The launch follows an earlier partnership announcement on June 4. Under that arrangement, Kraken is set to provide institutional services for Tempo including liquidity, custody, and fiat on- and off-ramps. Those services are aimed at fintech companies, neobanks, and payment service providers. Trading support is expected to open in stages depending on available liquidity.
Kraken has enabled deposits and withdrawals for USDC.e and USDT0 on the Tempo network, according to Techub News, which cited CryptoBriefing. The feature went live on July 10.
Support goes live for Tempo-based stablecoins
The exchange said it now supports deposit and withdrawal services for USDC.e and USDT0 issued on Tempo.
What Tempo offers
Tempo is a payments-focused Layer 1 backed by Stripe and Paradigm. It has average settlement times of about 0.5 seconds and uses stablecoins to pay gas fees.
Partnership announced earlier
The two sides had announced their partnership on June 4 before the product launch. Under the cooperation plan, Kraken will provide institutional services for Tempo, including liquidity, custody, and fiat on- and off-ramp services.
Those services are intended for fintech companies, neobanks, and payment service providers. Trading will be rolled out gradually based on liquidity conditions.
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