The fintech company Stripe, in collaboration with the venture firm Paradigm, is working on launching a new layer-one blockchain called Tempo, which aims to ensure efficient processing of large-scale payment transactions.
This is reported by Finway
Development of the Tempo Blockchain and Stripe’s Strategy
Stripe is developing its own Tempo blockchain together with Paradigm. According to preliminary information, the project is focused on high-performance payments and supports the Solidity programming language, which allows for the creation of smart contracts. Information about the new protocol appeared in a job posting that was later removed. Currently, the Tempo team consists of five individuals and operates under conditions of heightened secrecy.
According to sources familiar with the project, Tempo is positioned as an independent layer-one blockchain rather than an additional layer to existing networks. Representatives from Stripe and Paradigm have refrained from making public comments regarding the details of the development.
“The launch of Tempo complements Stripe’s recent acquisitions in the crypto sector. In October 2024, the company acquired the infrastructure platform for stablecoins, Bridge, for $1.1 billion. In June 2025, it acquired the cryptocurrency wallet developer Privy (the deal amount is not disclosed).”
Project Goals and Impact on the Stablecoin Market
Experts believe that the acquisition of Bridge has allowed Stripe to enhance its capabilities for integrating and issuing stablecoins for clients, while the purchase of Privy provides a solution for storing digital assets. The launch of its own Tempo blockchain will give Stripe control over the key infrastructure for financial transactions in the cryptocurrency space.
Stripe’s increased activity in the stablecoin market coincided with a growing interest in this tool following the passage of the GENIUS Act in the U.S., which establishes federal standards for the cryptocurrency industry. Co-founder Patrick Collison emphasizes that businesses are increasingly viewing stablecoins as an effective payment tool due to advancements in technology.
Despite this, Stripe has not yet announced whether it plans to launch its own token for Tempo, nor has it disclosed details regarding the functionality of the new protocol. Analysts predict that Tempo will strengthen the corporation’s position in the corporate crypto payment market.
Additionally, in May 2025, Stripe already implemented the ability for its clients to open accounts in stablecoins.