Payments leader Stripe is quietly preparing its own blockchain network, code-named Tempo, in collaboration with crypto-focused venture capital firm Paradigm.
Details of the initiative emerged through a Blockchain Association job listing dated August 3, which referred to Tempo as a “high-performance, payments-focused” Layer 1 network.
The project is currently operating under the radar with a small five-member development team. Designed to be Ethereum-compatible, Tempo isn’t built on an existing chain but instead functions as its own base layer.
Matt Huang, Paradigm’s co-founder and managing partner, is directly involved in the project and also sits on Stripe’s board of directors.
The move underscores Stripe’s deepening commitment to crypto and digital payments innovation. Valued at around $92 billion, the company has been actively expanding into blockchain infrastructure, acquiring stablecoin payments firm Bridge for $1.1 billion last October and crypto wallet builder Privy in June.]
Industry watchers say Stripe’s focus on stablecoins is no coincidence. The sector has gained momentum following the introduction of the GENIUS Act in July, signed by President Donald Trump, which established clear federal rules for stablecoin issuance and operations.
Advocates argue that stablecoins deliver faster, cheaper, and more efficient cross-border payments compared to legacy systems like SWIFT or traditional wire transfers.
If Tempo succeeds in its vision, Stripe could position itself at the forefront of merging blockchain speed with global-scale payment processing — directly challenging both traditional finance rails and emerging fintech competitors.
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Source: https://coindoo.com/stripe-partners-with-paradigm-to-launch-high-speed-layer-1-blockchain/