Tempo, a Layer 1 blockchain incubated by Stripe, has processed 3.9 million transactions across 177,000 addresses since its mainnet launch on March 18, according to data shared by Dune Analytics.
The chain’s proprietary TIP-20 stablecoin standard now supports a circulating supply of over $25 million across multiple issuers and yield-bearing token variants.
The TIP-20 standard makes stablecoins native to the Tempo protocol via a precompile-based implementation instead of ERC-20 contracts. Issuers gain access to programmable policies including transfer rules, eligibility lists and fee logic enforced at the on-chain level.
Stablecoin’s offering is spread across multiple issuers: pathUSD anchors the network at $8.2 million, while USDB, USDT0 and Stargate-bridged $USDC.e and EURC.e each have between $4.5 million and $5.5 million in circulating supply.
The ecosystem also supports yield-bearing variants including Ethena’s sUSDe and USDe, Frax Finance’s USD, Capitole’s cUSD and stcUSD, and Maple Finance’s syrupUSDC.
Tempo’s architecture enables gas payments directly into stablecoins, setting the chain apart from networks that require native tokens for transaction fees. The combination of a stablecoin-native design and early transaction volume metrics suggests the protocol is gaining acceptance within its intended payment use case.
Tempo is now fully indexed on Dune alongside major blockchains, with a maintained stablecoins dataset that normalizes supply, transfers, and holders across issuers and networks. The integration allows for a direct comparison of Tempo’s TIP-20 stablecoins with Tron $USDTSolana $USDCand Ethereum’s stablecoin is floating in some searches.
Sources: Dune Analytics | Dune analysis | Dune Analytics