Fintech company Stripe, in partnership with venture firm Paradigm, is working on creating a new layer-one blockchain called Tempo. The project is aimed at providing high-performance payment operations, with its primary goal being to expand Stripe’s control over the stablecoin infrastructure for processing transactions.
This is reported by Business • Media
Features and Strategic Acquisitions of Stripe
The development of Tempo is being carried out by a small team of five individuals who are currently working under heightened secrecy. According to information from a job posting that was later removed, the blockchain will be compatible with the Solidity programming language, opening up extensive opportunities for integration with decentralized applications.
Experts note that Tempo will be a true layer-one blockchain, rather than a layer built on top of other networks. This underscores Stripe’s ambitions to create its own payment infrastructure in the crypto sector. Representatives from Stripe and Paradigm are currently refraining from commenting on the project’s details.
“Experts note that the acquisition of Bridge enables Stripe to offer clients tools for integrating and issuing stablecoins, while the purchase of Privy allows them to provide custodial solutions. The new blockchain will give the company control over the infrastructure that processes transactions.”
Infrastructure Development and the Stablecoin Market
The launch of Tempo is a logical continuation of Stripe’s active expansion in the cryptocurrency sector. In October 2024, the company acquired the Bridge platform, which specializes in stablecoin infrastructure, for $1.1 billion. In June 2025, Stripe added the cryptocurrency wallet developer Privy to its ecosystem (the deal amount remains undisclosed). These acquisitions have enabled Stripe to offer comprehensive solutions—from stablecoin integration to custodial services for corporate users.
Stripe’s activity coincided with a growing focus on stablecoins in the U.S., linked to the passage of the GENIUS Act, which establishes federal standards for the crypto industry. Stripe co-founder Patrick Collison emphasized that the business increasingly views stablecoins as a tool for making payments due to the maturity of the relevant technologies.
Despite this, the company has not yet announced whether it plans to launch its own token for Tempo, nor has it disclosed details about the main tasks of the new protocol. Analysts believe that Tempo will strengthen Stripe’s position in the field of corporate crypto payments and allow the company to exert greater control over key elements of the payment infrastructure.
Earlier, in May, Stripe had already implemented the ability for its clients to open accounts in stablecoins, further emphasizing the company’s strategic focus on developing cryptocurrency services.