Stripe and Paradigm Launch Tempo, a Joint Blockchain Project Designed for Stablecoin Payments

ChainCatcher news, according to CoinDesk, on Thursday, payment giant Stripe and crypto investment firm Paradigm officially launched a joint blockchain project designed specifically for stablecoin payments—Tempo.

Stripe CEO Patrick Collison stated on the X platform that the project was incubated internally at Stripe, aiming to meet the large-scale demands of real-world financial applications, achieving tens of thousands of transactions per second and sub-second confirmations. Tempo aims to process 100,000 transactions per second, supports stablecoin payments for transaction fees, and includes automated market makers to ensure issuer neutrality. The chain is compatible with the Ethereum Virtual Machine and is built on Reth.

Tempo is an independent entity, with Paradigm and Stripe as early investors. Paradigm CEO Matt Huang leads a 15-person team, stating that they are building Tempo with principles of decentralization and neutrality, launching with diverse validating nodes and planning to transition to a permissionless model in the future.