Visa deepens blockchain push with Tempo validator node launch
Visa has launched a validator node on the Tempo blockchain, taking a direct role in verifying and processing transactions on a network designed for real-time stablecoin payments.
Visa said the node is operated in-house using its own infrastructure and was developed over six months working with Tempo’s engineering team, positioning the company as an “anchor validator” alongside early participants including Stripe and Zodia Custody.
The role places Visa in the transaction validation layer, where it helps order and confirm payments while supporting network security and performance during the network’s early phase.
Tempo is a Layer 1 blockchain designed for real-time payments and stablecoin-based transactions, with validators responsible for confirming transactions and maintaining the network’s ledger. Validators on the network can earn stablecoin-denominated rewards when selected to package transactions into blocks, according to the announcement.
The move adds to Visa’s existing blockchain activity, including its recently announced role as a validator on the Canton Network, where it works with financial institutions on privacy-focused onchain payment systems.
Payment companies expand stablecoin infrastructure
As stablecoins gain traction in payments, major payment companies are expanding infrastructure that connects traditional finance with blockchain-based settlement.
In October 2024, Stripe finalized a $1.1 billion agreement to acquire stablecoin platform Bridge. The following year, it introduced stablecoin-based accounts for clients in more than 100 countries, allowing businesses to send, receive and hold US-dollar stablecoins similar to traditional bank balances.
Last month, Mastercard agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion. BVNK enables businesses to send and receive stablecoin payments, convert between fiat and crypto, and operate across more than 130 countries.
Meanwhile, Visa has focused on building and operating its own systems. In July, the company expanded its settlement platform to support tokens such as PayPal USD (PYUSD) and Euro Coin (EURC), as well as networks including Stellar (XLM) and Avalanche (AVAX).
In March, it also expanded its stablecoin card partnership with Bridge to 18 countries, with plans to reach more than 100 markets by year-end.
According to DefiLlama data, stablecoin market capitalization stood at nearly $319 billion at the time of writing, up from about $307.5 billion at the start of the year.
Stablecoin market cap. Source: DefiLlama
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutions Reveal Changes in Oil Supply Pattern: US Sanctions Force Iran's Maritime Crude Exports to "Zero", Russian Exports Up 6% MoM
According to Vortexa data, Iran's seaborne crude oil exports have remained at zero since dropping in the second week of September and had not resumed as of October 5. The total amount of Iranian crude oil stranded on offshore tankers has decreased to about 83 million barrels, with around 43 million barrels trapped west of the Strait of Hormuz, making export difficult due to the US blockade. Excluding Iran, the crude oil flow in the Gulf region in September has recovered to over 81% of pre-war levels, mainly driven by the recovery of Saudi exports.
President of New York Federal Reserve, Williams: May raise interest rates once more within the year, no need for further tightening in 2027
John Williams, President of the Federal Reserve Bank of New York, said on Tuesday that he still considers it appropriate for the Federal Reserve to raise interest rates once more this year, but currently does not believe that the central bank needs to further increase rates in 2027.
Risks to Middle Eastern energy facilities escalate as Saudi Aramco headquarters reportedly hit and set on fire by Houthi forces
According to reports, during a missile attack launched by Yemen's Houthi forces against Saudi Arabia on Tuesday, the headquarters of Saudi Aramco in Dhahran was hit, causing a fire in part of the complex, which was later extinguished. It could not be confirmed whether the fire was caused by a direct missile hit. The Saudi government and Saudi Aramco have not confirmed reports of an attack on the headquarters.
Crypto prices
More
