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2w ago

Stripe and Paradigm Launch Tempo, a Payments‑First Layer‑1 for Stablecoin Transactions

Private testing with major partners signals a push for predictable, compliant stablecoin payments at scale.

Tempo: The Blockchain Designed for Payments
Patrick Collison, chief executive officer and co-founder of Stripe, left, smiles as John Collison, president and co-founder of Stripe
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Stripe, Paradigm unveils Tempo, a layer 1 blockchain for stablecoin payments

Overview

  • Tempo is EVM‑compatible (built on Reth) with a dedicated payments lane targeting over 100,000 transactions per second and sub‑second finality.
  • The network enables fees in any stablecoin via a built‑in automated market maker, and adds enterprise features such as ISO 20022‑friendly memo fields, batch transfers, opt‑in privacy, and allowlist/blocklist controls.
  • A private testnet is live with design partners spanning finance, e‑commerce, and AI, including Visa, Deutsche Bank, Standard Chartered, Shopify, Nubank, Revolut, OpenAI, Anthropic, DoorDash, Coupang, Mercury, Lead Bank, and more.
  • Governance will start with a diverse set of independent validators, including some partners, with a stated plan to transition to permissionless validation.
  • Stripe is incubating the project as an independent entity led by Paradigm’s Matt Huang with a roughly 15‑person team; no public launch date is set, and Fortune reports via an anonymous source that Tempo will not launch with a native token and will use stablecoins for gas.