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Crypto

Farcaster co-founders join stablecoin blockchain Tempo

Farcaster co-founders Dan Romero and Varun Srinivasan have joined Tempo, a stablecoin-based payments startup, CoinDesk reported. Farcaster had drawn attention as a crypto-based alternative to Twitter but was recently acquired by Neynar, an infrastructure provider that supports APIs and tools for developers. Tempo is a stablecoin project formed last year with payments company Stripe and crypto venture firm Paradigm taking the lead, and aims to innovate international payments.

Crypto

MegaETH launches ultrafast blockchain mainnet, can it rival rollup Layer 2s?

Ultrafast Ethereum Layer 2 project MegaETH has launched a mainnet that targets 100,000 transactions per second, Coindesk reported. The project says it offers higher speed than the existing Ethereum network and promotes a “real-time blockchain.” MegaETH raised $450 million in an October token sale and drew investment from Ethereum co-founders Vitalik Buterin and Joe Lubin. Critics point to centralisation concerns, while some experts doubt it can replace rollup-based Layer 2s.

Crypto

Tether plans to hire 150 over next 18 months as expansion accelerates

Tether is accelerating global expansion by deploying profits from its stablecoin business into talent recruitment, technology development and strategic investments. It has raised its workforce to 300 and plans to hire 150 more people over the next 18 months, mainly engineers, while also filling non-engineering roles. The push comes alongside rising USDT adoption and a jump in market value from $140 billion to $185 billion over the past year.