Stripe and Paradigm have launched a payments-focused blockchain called Tempo, currently on private testnet.
“We think of Tempo as the payments-oriented L1, optimized for high-scale, real-world financial services applications,” Stripe CEO Patrick Collison said in a post to X on Thursday. “Tempo is an independent company, with Stripe and Paradigm as the first investors.”
Tempo appears to be Stripe’s latest foray into crypto, following its $1.1 billion acquisition of stablecoin infrastructure firm Bridge last October. Last month, Fortune reported that the $92 billion fintech giant was developing Tempo.
Stripe also partnered with Coinbase in June 2024, with the company incorporating Coinbase’s Base Layer 2 network into its crypto payment products. The company then acquired crypto wallet firm Privy in June this year.
Tempo is already working with firms such as Anthropic, Deutsche Bank, DoorDash, Nubank, OpenAI, Revolut and Shopify, according to Collison.
“We hope that Tempo makes it easier for things like payment acceptance, global payouts, remittances, microtransactions, tokenized deposits, agentic payments, and more, to move onchain,” he added.
Paradigm co-founder and Managing Partner Matt Huang is currently leading Tempo’s team.
“As stablecoins go mainstream, there’s a need for optimized infrastructure,” Huang said in a post. “Tempo is purpose-built for stablecoins and real-world payments, born from Stripe’s experience in global payments and Paradigm’s expertise in crypto.”
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
