Fintech large Stripe as we speak formally introduced its partnership with enterprise capital agency Paradigm and revealed that the companies are launching a Layer 1 blockchain, Tempo.
Tempo is an Ethereum-Digital Machine (EVM)-compatible blockchain designed for high-volume fee use circumstances with a built-in stablecoin automated market maker (AMM), and claims excessive throughput, low latency, and opt-in personal transactions. In response to an X put up from Tempo’s official account, the chain will characteristic 100,000+ transactions per second (TPS) and sub-second finality.
The information of the partnership and plans to launch Tempo have been first reported by Fortune just a little over a month in the past, citing nameless sources and a job itemizing, however the companies had but to verify the transfer.
In response to its web site, Tempo shall be a impartial and permissionless blockchain that’s “open for anybody to construct on.” Nevertheless it’s value noting that the community validators shall be bootstrapped with Tempo’s design companions earlier than transitioning to a permissionless mannequin sooner or later.
The precise companions that shall be operating the nodes are undisclosed, however might embody the likes of synthetic intelligence leaders like OpenAI or Anthropic, in addition to funds and banking giants corresponding to Visa, Deutsche Financial institution, and Customary Chartered, in accordance with the web site.
Stripe’s Crypto Push
Stripe is without doubt one of the world leaders in funds, and processed $1.4 trillion in funds quantity in 2024. Stripe’s most up-to-date increase in February valued the corporate at $91 billion, and the infrastructure supplier has been diving headfirst into the world of stablecoins in 2025.
The corporate launched its Stablecoin Monetary Accounts in Could, which permits customers to ship, obtain, and retailer stablecoins in Stripe. Nevertheless, North America and Western Europe are geoblocked from the characteristic.
Tempo could present customers in geoblocked areas a Stripe-backed different to Stablecoin Monetary Accounts, and attributable to Tempo’s permissionless imaginative and prescient, might see DeFi purposes launched on the chain sooner or later.
Matt Huang, the founding father of Paradigm, shared the announcement on social media, commenting: “We’re constructing Tempo with rules of decentralization and neutrality. That features: Stablecoin neutrality: anybody can concern a stablecoin, and any stablecoin can be utilized for funds/gasoline. Impartial and various validator set, with a roadmap towards a permissionless mannequin.”
Stripe CEO, Patrick Collison, additionally commented on this information in an X put up, writing:
“We hope that Tempo makes it simpler for issues like fee acceptance, world payouts, remittances, microtransactions, tokenized deposits, agentic funds, and extra, to maneuver onchain.”
Final month, each Google and USDC issuer Circle introduced that they have been launching their very own L1 chains.
