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USD1 just went live on @tempo as the first native TIP-20 stablecoin.
This quiet move is actually way bigger than most people realize, here’s why 👇🏻
– Tempo runs without any native gas token. Every fee has to be paid in TIP-20 stablecoins only. That means USD1 holders can now cover transaction costs straight in USD1.
– This is completely different from bridged wrappers like USDC or USDT. When you use those on Tempo, you’re holding an IOU with real tokens locked elsewhere.
So if the bridge gets exploited, you lose your assets (like the recent KelpDAO hack)
With the 1st mover on native stablecoin on Tempo, I think #USD1 is set to become the 1st choice on Tempo when it comes to paying gas fees