“If you think about what a card number is, it’s essentially like your password.” @dwr on why card credentials are a poor fit for agents, and why agent payments need the push flows and user approvals native to stablecoins. On @MTSlive with @sophiadew

Tempo plans to support @BlackRock's new GENIUS-compliant money market fund, BRSRV. BRSRV is a U.S. government money market fund with a blockchain-based share class, bringing regulated cash management closer to onchain payments and settlement.

Mt Pelerin is bringing stablecoin ramps and fiat payment infrastructure to Tempo. Through its Bridge Wallet app, users can move stablecoins between Tempo, other networks, and fiat, and link a CHF or EUR IBAN to their self-custodial wallet.

$BUIDL, @BlackRock’s $2.6B+ tokenized money market fund on @securitize, is expanding to @tempo, a payments-focused Layer 1 blockchain incubated by @Stripe and @Paradigm. RedStone's feed will enable the fund’s token to be put to work in DeFi on the network.

BlackRock’s BUIDL is now available on @tempo. The launch gives eligible users a way to hold stablecoin balances and access yield through tokenized fund shares. For companies, customers can move idle balances into yield-bearing instruments without leaving onchain workflows.

Tempo's onchain yield offering now includes BUIDL, @BlackRock's USD Institutional Digital Liquidity Fund. Supported by @Securitize's tokenization infrastructure, with daily onchain valuation and interest accrual via @redstone_defi oracle feeds. Eligible users can access tokenized U.S. dollar yield without leaving their onchain workflows. Learn more:

One of the hardest things I’ve had to grasp about money is that an entity can have ample liquidity and still be unable to settle its next obligation The hierarchy of money explains the vertical dimension. It shows that fiat money is an interconnected web of liabilities, and it clarifies the counterparty risk we take on with each layer of liquidity: central-bank reserves, commercial-bank deposits, stablecoins. It maps the different tiers of "money" What it does not fully capture is the fragmentation that exists within those same tiers. It tells us nothing about where a particular asset actually sits, or whether it can be applied to the specific settlement sitting in front of us, even when that asset belongs to the same tier of money we need Case in point: a bank can hold reserves in its RTGS account that are unavailable for an operation settling inside an FMI structure. It can own eligible collateral yet be unable to move it from the custodian and place it under the counterparty’s control in time to rebalance margin. It can hold dollars, but in the wrong correspondent bank or after the cut-off You then realise payments are not settled by aggregate liquidity. They are settled by eligible cash, sitting in a specific account This has a direct consequence for the balance sheet. The operational buffer is sized against the cumulative net outflow that can arise while the treasury desk is still mobilising fresh liquidity, including under stress. The longer and more uncertain that interval, the more cash and collateral must be prepositioned Just a quick caveat here: operational friction is only part of the story. It’s easy to oversimplify, but these buffers are heavily driven by macroprudential and structural mandates, strict cross-border capital controls and legal entity ring-fencing that physically trap liquidity The financial system uses tools such as netting, intraday credit, committed lines, repo and FX swaps to shrink that requirement, yet none of them eliminate it. All of them still depend on credit limits, haircuts, operating hours, market capacity and on the assets being available the moment they are needed This is the thinking behind Creating More Liquidity in Markets, our latest report at Tempo (Link in the first comment) I tend to obsess over balance sheets, but liquidity mobility is not simply about moving a token "faster". It is about shortening the distance between owning cash or collateral and being able to apply it to an obligation, without having to invent a new instrument, a new integration and a new liquidity pool for every market One of the clearest lessons from the various DLT solutions of recent years is that a shared settlement layer, paired with private execution environments, can solve the confidentiality problem without also forcing the isolation of the liquidity that backs each trade But mind you, faster settlement does not automatically reduce funding needs. Immediate gross settlement can actually increase them if netting is lost, and interoperability may simply shift the timing mismatch onto an issuer, a dealer or a liquidity facility. That is why the trade-offs matter What we need to examine is whether the architecture lowers the consolidated peak of cash and collateral required to keep settling, after taking account of netting, intraday credit, haircuts, legal eligibility and exit conditions under stress If the ability to live on the same ledger and move beyond double-entry accounting delivers that reduction, we are talking about balance-sheet capacity being released I would add that we still do not know the true economic impact, because the operating standards, risk management and balance-sheet practices of every participant on that network would change as well What I do know is that at Tempo, we're going to find out

Modern blockchains allow rebuilding financial infrastructure onchain without sacrificing execution speed, privacy, or capital mobility. Our latest research from the @tempo team explains how. Give it a read! 👇🏻

Markets lose an estimated $120 billion annually to trapped liquidity, fees, and settlement delays. Our new report "Creating More Liquidity Mobility in Markets" looks at how money could move across payments, securities, margin, and repo instead of sitting in separate systems.

On most chains, giving every customer a unique deposit address means initializing, monitoring, and sweeping a real onchain wallet for each. With virtual addresses on Tempo, funds credit directly to a master wallet at the protocol layer. See virtual addresses in action:

Vibecoded a demo of Virtual Addresses in @tempo. Virtual Addresses let you give every customer their own deposit address without the complexity of managing separate wallets. Funds go straight to your master wallet, and every deposit remains traceable. If you're familiar with virtual accounts in sponsor banking, virtual addresses will resonate. Demo covers: ✔️ Login with Tempo Wallet ✔️ Register a master wallet onchain* ✔️ Create virtual addresses ✔️ Send funds to those virtual addresses ✔️ See deposits go straight to the master wallet * I skipped the onchain registration in the video since it takes a bit of time (one-time exercise for each master address) Link to the blog post and the demo in the reply 👇🏻

Stablecoins don’t become a true monetary system just because many people hold them as an asset. They become one when they migrate to the liability side of the economy, when companies and households don’t just receive payments in them, but also pay suppliers, service debt, post collateral, pay salaries, and settle taxes in the same unit Until then, the off-ramp stays active and the circuit keeps closing back into traditional bank money What we need to keep an eye on is the matching between stablecoin receivables and stablecoin payables. When that matching is low, the stablecoin functions mainly as a bridge asset, dealers keep converting the token back into bank deposits When the matching is high, the issuer’s own liability can finance long chains of economic activity without changing form or constantly returning to the local banking ledger. The system scales because only the residual imbalances require FX, inventory, or external rebalancing But closing the circuit doesn’t eliminate intermediation. As soon as obligations denominated in stablecoins need credit, a new layer emerges: dealers, lenders, repo markets, and leverage One often-overlooked feature of stablecoins is that they don’t just help individuals escape a weak local currency. They also displace the local bank as the primary monetary interface. Yet banking doesn’t disappear, it just reappears around the stablecoin, not only to provide backing, but to supply the elasticity that a fully backed token cannot create on its own The future of stablecoins isn’t a world without banks. It’s a world in which the stablecoin becomes the private monetary base on top of which an entirely new form of banking is rebuilt

Merchant settlement can still take days or weeks after a customer pays. By settling the onchain leg in real time, this model can give small and medium-sized merchants faster access to funds while reducing working capital tied up in settlement. Read more:

Today, @Coupang and @WooriBank completed Korea's first end-to-end KRW stablecoin payment on Tempo. Using Coupang Eats, the PoC followed a customer payment through real-time onchain settlement to a merchant, with conversion between stablecoins and fiat via a bank-linked account.

We've partnered with MoonPay to give businesses building on Tempo a straightforward way to connect their fiat and stablecoin payments. PathUSD and USDC.e on Tempo are live across MoonPay's Ramps and Virtual Accounts, along with native onramping support in Tempo Wallet:

Three things held crypto back according to @dwr - Lack of regulatory clarity - Transaction limits + gas fees - No distribution to existing businesses Nothing is holding it back now with the GENIUS act, Tempo pushing 21k TPS with <$0.001 average fees, and @stripe getting onchain

Corpo chain. Not decentralized enough. Not cypherpunk enough. @Tempo's @dwr has heard it all. After a decade in crypto, his primary goal is simple: get the Fortune 500 building onchain. Thank you to @hodlwithLedn 👋 for being a sponsor of the CoinDesk Media Network.

Pulse turns complex documents such as financial statements, contracts, and claims into clean markdown and structured data for agents. With MPP, your agent can use Pulse as soon as a task requires it; payment and access to the data are handled through the API and settled on Tempo