Blockchain project Tempo, centered around payments, goes live thanks to collaboration between Stripe and Paradigm
Stripe and Paradigm Launch Tempo: A Blockchain Designed for Payments and Stablecoin Transactions
In a significant move towards mainstream adoption of blockchain technology, Stripe and Paradigm have announced the launch of Tempo, a blockchain designed specifically for payments and stablecoin transactions.
The new blockchain, jointly incubated by Stripe and Paradigm, aims to address concerns about the suitability of existing blockchain networks for high-volume, low-cost transactions required by mainstream financial applications.
Matt Huang, who led the independent company incubated by Stripe, has been appointed to lead Tempo. Huang is a co-founder of Paradigm and previously served as a board member at Stripe. He noted in a statement that existing crypto infrastructure primarily caters to trading rather than real-world payments applications.
Tempo has secured design input from major enterprises including Anthropic, Coupang, Deutsche Bank, DoorDash, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa. This enterprise backing suggests potential for rapid adoption among established financial institutions.
Stripe, which processes stablecoin payments from over 120 countries, has also partnered with Visa to offer cards that spend stablecoin balances across multiple jurisdictions. The company has launched Stablecoin financial accounts accessible from over 100 countries.
The initiative targets use cases including global payments, payroll, remittances, tokenized deposits, embedded financial accounts, microtransactions, and AI-powered autonomous payments.
The launch of Tempo comes as stablecoins gain traction for enterprise applications beyond cryptocurrency trading. According to Stripe's research, 46% of surveyed Asian companies plan to implement stablecoins within 24 months.
Paradigm expects Tempo to complement existing crypto infrastructure while serving as a bridge for large enterprises entering blockchain-based financial services. The blockchain's structure as an independent company with dedicated full-time staff further supports this goal.
Stripe has reported 30% growth in cross-border payments in key markets like Singapore. The company's focus on optimizing stablecoin infrastructure is a strategic move towards mainstream adoption of digital currencies.
The acquisition of crypto infrastructure company Bridge in February 2025 further strengthens Stripe's position in the digital currency space. With Tempo, Stripe and Paradigm are positioning themselves at the forefront of this exciting new frontier.
