Tempo Releases TIP-20 Token Standard Designed for Stablecoins and Payment Scenarios

PANews reported on January 7th that Tempo has launched a new token standard, TIP-20, specifically designed for stablecoins and payment applications. Extended from ERC-20, it is compatible with the existing EVM ecosystem. TIP-20 integrates features such as transfer memos, compliance policy registry, profit distribution mechanisms, and stablecoin payment gas, making it suitable for diverse scenarios including corporate finance, cross-border settlement, and interest-bearing stablecoins.

TIP-20 has received support from infrastructure partners such as AllUnity, Bridge, and LayerZero, aiming to build a unified on-chain payment standard, improve the compliance, efficiency, and interoperability of stablecoins, and accelerate the on-chain process of real-world payment scenarios. Tempo will provide developers with SDK, testing funds, and documentation support to help TIP-20 be deployed and implemented quickly.