Stripe and Circle compete to dominate stablecoin payment infrastructure with Tempo and Arc
Daily top performer — EigenLayer (EIGEN)
The S&P 500 rose 0.32% on Wednesday, with 8 of 11 sectors advancing, led by materials, healthcare, and consumer discretionary. Gold rose 0.25% to around $3,365, supported by expectations of a September Fed rate cut after soft US inflation and jobs data, though easing US-China trade tensions may limit further gains. The Coindesk Indices, which tracks the broader crypto market, rose 3.71%, with Bitcoin and Ether up 2.62% and 2.15%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is EIGEN, up 17.8% after Canary DVN and EigenLayer introduced a new standard for provable cross-chain trust.
EigenLayer (EIGEN), founded in 2021, is an Ethereum protocol that lets users restake ETH for extra rewards while keeping it usable, and allows developers to tap into this pooled security for their own projects—boosting yields and decentralization. Canary Protocol’s DVN integrates with EigenLayer redistribution to boost cross-chain security by combining trusted execution environments for message verification with cryptoeconomic slashing. If the DVN is proven dishonest, slashed funds compensate affected users and return excess to restakers, ensuring provable accountability across chains.
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Talk of the town
Stripe and Circle have each launched specialized blockchains aimed at dominating stablecoin payments. Stripe’s Tempo connects to its large merchant network for fast, low-cost settlements. Circle’s Arc is built entirely around USDC, offering instant settlement, multi-currency support, and privacy features. The race to control the payment rails also includes rivals like Plasma and Stable. Early leaders could set the standard for digital payment infrastructure and secure a lasting competitive edge.
Check out the latest prices, charts, and data of USDCUSDT perp contracts!
Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 86.9 |
Total | 86.9 |
Yesterday, BTC spot ETFs saw $86.9M in net inflows, all from non-GBTC funds.
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Airdrop to watch
Superform opened its v2 public testnet to everyone on August 8, 2025 after a two-week early access phase, and as of August 14, 2025 it remains live, non-incentivized for now, but now includes a newly announced Testnet Content Competition to boost engagement, with users able to connect an EVM wallet, receive test tokens automatically, and explore features like the “Earn” and “Market” pages—while leaving open the possibility of future rewards or events.