Stripe and crypto investment firm Paradigm have launched a blockchain project focused on stablecoin payments.
Incubated by Stripe, the Tempo blockchain aims to create a “payments-oriented L1, optimized for high-scale, real-world financial services applications,” according to Stripe CEO Patrick Collison on X.
As initial investors, Stripe and Paradigm have leveraged their industry influence to bring in a diverse group of design partners, including Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa.
Collison notes, “We hope that Tempo makes it easier for payment acceptance, global payouts, remittances, microtransactions, tokenized deposits, and agentic payments to operate on-chain.”
Mall Huang, a Stripe board member and co-founder of Paradigm, will lead Tempo. “As stablecoins gain mainstream adoption, there’s a growing need for optimized infrastructure,” Huang states. “Tempo is purpose-built for stablecoins and real-world payments, drawing on Stripe’s extensive experience in global payments and Paradigm’s expertise in crypto.”
Huang promises an ambitious vision for Tempo, featuring low fees, opt-in privacy, payments-focused user experience, scalability, global payouts, fast remittances, tokenized deposits, microtransactions, and agentic payments.