Stripe and Paradigm launch Tempo blockchain to improve crypto payments, focusing on stablecoins, scalability, and real-world financial applications.
Stripe and Paradigm have launched a new blockchain called Tempo, focused on improving crypto payments. The blockchain is now live in a private testnet, meaning it is being tested by a small group of users. According to Stripe CEO Patrick Collison, Tempo is an L1 payments blockchain designed to be used as a high-scale and real-world financial service. Even though it was developed by Stripe and Paradigm, Tempo will be a separate company.
Stripe’s Tempo Aims to Revolutionize High-Volume Digital Transactions
Moreover, this launch comes after Stripe has been increasingly entering the cryptocurrency world. In October 2024, Stripe purchased a stablecoin infrastructure firm known as Bridge to the tune of 1.1 billion. Bridge assists companies in receiving stablecoin payments using straightforward software packages. Sean Yu and Zach Abrams, who both have fintech and crypto experience, are its founders.
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In addition, Stripe has been developing its international finance services. In May 2025, the company launched Stablecoin Financial Accounts in 101 countries. These accounts allow companies to store and transfer digital dollars e.g., USDC and USDB. This speeds up and reduces the cost of cross-border payments. Stripe aims to simplify, protect, and modernize the flow of money to businesses worldwide.
The introduction of Tempo can now be placed squarely in this plan. Tempo has been developed to support large volumes of transactions, which is critical in real-world payment use cases. Patrick Collison explained that the existing blockchains, such as Bitcoin and Ethereum, are not designed to execute inexpensive, quick payments. Thus, Stripe and Paradigm chose to create something new. Other key technologically supported and financially supported contributors to tempo are Visa, Deutsche Bank, Anthropic, and OpenAI, among others.
Tempo Blockchain Focuses on Stablecoins and Scalability
Tempo is still in limited testing as of September 4, 2025. The team would eventually shift to permissionless validation, which would enable anyone to contribute to the running of the network. This would be a method to secure Tempo and decentralize it in the long run.
Lastly, Tempo may mark the turning point of crypto-based payments. It stands out among other blockchains because of its emphasis on stablecoins, scalability, and practical application. The project has great potential considering that Stripe is globally based and Paradigm is a knowledgeable company in the crypto field. When successful, Tempo has the potential to draw in more businesses to accept and utilize digital currencies in their daily payments. This would be useful in introducing blockchain into mainstream finance as well.
Stripe and Paradigm have made a very courageous decision to introduce Tempo. The blockchain is also payments-oriented and supported by powerful industry participants. Tempo can be an important element of the future of crypto payments as testing progresses and the network expands.
Although still in testing, it shows strong potential. With support from major partners and clear goals, Tempo could play a big role in making digital payments faster and more common in everyday business.
