Stripe is reportedly building “Tempo,” a payments-focused layer 1 blockchain designed to speed stablecoin transactions and expand enterprise adoption as part of its growing crypto push.
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Posted August 12, 2025 at 9:44 am EST.
Fintech firm Stripe is developing a new high-performance, payments-focused layer 1 blockchain called Tempo in partnership with the crypto venture capital firm Paradigm, according to a report from Fortune.
The Ethereum-compatible blockchain aims to enhance stablecoin payment processing by cutting costs, speeding settlement, and deepening enterprise adoption.
Tempo fits within Stripe’s broader crypto strategy, which includes recent acquisitions of stablecoin infrastructure firm Bridge for $1.1 billion and crypto wallet developer Privy, allowing Stripe to control key pieces of the stablecoin payments ecosystem.
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The strategy also aligns with recent stablecoin regulatory clarity in the U.S. following the passage of the GENIUS Act into law.
Stripe is the largest privately-owned fintech with a valuation of about $91 billion and has processed over $1.4 trillion in payment volume as of 2024.
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