[Tempo Launches TIP-20 Standard, Adding Compliance Controls and Transfer Memo Functionality] Tempo announced the launch of the native token standard TIP-20, designed specifically for stablecoins and payment use cases. It is based on the ERC-20 standard on Ethereum and EVM-compatible chains and is fully backward compatible. TIP-20 introduces features such as transfer memos, compliance controls, and reward distribution, enabling the issuance of stablecoins tailored to specific payment use cases. Any TIP-20 stablecoin denominated in USD can be used to pay Tempo transaction fees, with plans to support non-USD stablecoin fee payments in the future.
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