Overview

• A removed job listing on the Blockchain Association site revealed that the stealth project, Tempo, is a collaboration between Stripe and crypto venture firm Paradigm.
• According to four anonymous sources, the Layer-1 blockchain is being built by a five-person team and will be compatible with Ethereum’s coding language.
• Spokespeople for Stripe and Paradigm declined to comment on the reported project.
• Tempo would expand Stripe’s stablecoin infrastructure by adding a proprietary transaction-processing layer following its Bridge and Privy acquisitions.
• Industry observers say a dedicated blockchain could lower cross-border payment costs but may invite heightened regulatory oversight and uncertainty over a native token.