RedStone oracle provider integrates with open source Tempo mainnet

Decentralized oracle provider RedStone has integrated with Tempo as the payments-focused blockchain co-developed by Stripe and Paradigm went live on mainnet on Wednesday. 

According to an announcement on Wednesday, the oracle network will provide continuous FX feeds for the new blockchain, enabling applications to price and settle transactions in local currencies. This will reportedly help power the first native data feed for pathUSD, Tempo's "foundational payment token," as well as Tempo's native Forex DEX, "from day one," RedStone wrote in the announcement. 

"We're excited to have RedStone providing real-time FX data on Tempo," Nischay Upadhyayula, the go-to-market lead for Tempo, said. "Reliable currency pricing is foundational for the global payment use cases being built on the network." 

RedStone said its offers sub-second update frequency, coverage of major FX pairs including USD/KRW and USD/MXN, and support for direct non-USD settlements. "Stablecoins are the unit of account for everything that moves through Tempo. Getting their price right is not optional," the announcement reads. 

"Many of the institutions and protocols entering Tempo's ecosystem already rely on the RedStone Stack across DeFi and tokenized asset markets, including Morpho vaults, BlackRock's BUIDL via Securitize, Ethena, EtherFi, and stablecoin infrastructure used by global fintech platforms," the announcement reads.

RedStone also features Credora as part of its stack, providing risk intelligence services for non-DeFi natives. These quantifiable risk ratings give "mainstream users and institutions a clear, reliable signal about the assets and protocols they interact with," the announcement reads.

"Tempo has built something genuinely new: the first blockchain designed around how money actually moves," RedStone co-founder Marcin Kaźmierczak said. "Payments at this scale demand a data layer that is accurate, continuous, and independently verifiable. RedStone was built for exactly this, and we are proud to be the infrastructure that makes Tempo's payment rails real from the first block."

According to the announcement, RedStone will help power several Tempo applications at launch, including a global payroll platform and a "financial institution exploring tokenized deposits."

RedStone is a modular blockchain oracle network focused on customizable data feeds on over 110 chains and rollups, with integrations spanning major DeFi protocols like HyperLiquid. The network reportedly powers over $8.5 billion in total value locked. 

Tempo launched its public testnet in December with design support from Mastercard, UBS, and Kalshi. The company was incubated by Stripe and Paradigm and raised $500 million last year at a reported $5 billion valuation.

Editor's note (March 18 — 16:45 UTC): Updates of the story have been made throughout to reflect that RedStone is integrating with an open version of Tempo, along with changes to attribution of source material.