Stripe and Paradigm Quietly Develop ‘Tempo,’ a Payments-Focused Layer-1 Blockchain
Stripe is quietly working on its own blockchain network, “Tempo,” in collaboration with crypto venture capital firm Paradigm, according to people familiar with the project and a recently removed job listing.
The initiative represents one of the most ambitious blockchain moves yet by the $92 billion fintech giant, which has been steadily expanding its presence in crypto infrastructure.
A New Layer in Stripe’s Crypto Push
A now-deleted job posting on the Blockchain Association’s website described Tempo as “a high-performance, payments-focused blockchain” currently in stealth mode with a team of five. The listing, which sought a product marketing lead with Fortune 500 experience, also confirmed Paradigm’s involvement. Paradigm co-founder Matt Huang sits on Stripe’s board, providing a direct strategic link between the two companies.
Sources say Tempo is being designed as a layer-1 blockchain, built from the ground up rather than on top of an existing protocol. The network will be compatible with Ethereum’s smart contract language, giving developers an easier path to integrate and build on the platform. Notably, Tempo will operate without a native cryptocurrency, an unusual choice in an industry where launching a token is standard practice.
Enterprise-Grade Payments Infrastructure
According to individuals briefed on the matter, Tempo’s core focus is enterprise-grade payments: instant settlement, predictable transaction costs, and native stablecoin support. Stripe is positioning it as a next-generation alternative to traditional payment rails such as SWIFT, targeting use cases like cross-border commerce, e-commerce settlements, and large-scale corporate transactions.
Paradigm’s technical expertise is expected to bolster the network’s scalability, security, and developer accessibility. Combined with Stripe’s vast merchant network, numbering in the millions, the project could see rapid adoption if it delivers on performance and cost-efficiency promises.
Part of a Larger Stablecoin Strategy
The stealth blockchain is the latest in a series of crypto-related moves by Stripe. In the past year, the company has spent over $1 billion acquiring Bridge, a stablecoin infrastructure provider, and purchased wallet developer Privy. These acquisitions have equipped Stripe with the ability to issue stablecoins, integrate them into payment flows, and offer wallet services to clients. A proprietary blockchain like Tempo would give Stripe control over yet another layer of the payments stack, the transaction settlement layer.
CEO Patrick Collison has repeatedly highlighted the growing institutional interest in stablecoins, calling them one of the “gale-force tailwinds” reshaping the global economy. Stablecoins pegged to the U.S. dollar have emerged as a promising alternative to traditional banking systems, with potential to cut costs and increase settlement speed in cross-border transactions.
Regulatory Tailwinds and Institutional Ambitions
Tempo’s timing appears deliberate. The GENIUS Act, signed into law in July, provides federal regulatory clarity for stablecoin issuance and use, creating a more favorable environment for institutional adoption. Stripe’s now-removed job listing suggested the blockchain would be marketed directly to Fortune 500 companies, a clear indication of its enterprise-first strategy.
If successful, Tempo could position Stripe as a leading force in stablecoin-powered payments, challenging both traditional payment giants like Visa and Mastercard and crypto-native solutions already in the market.
For now, neither Stripe nor Paradigm has commented publicly on the project. But with its blend of fintech scale, venture-backed crypto expertise, and favorable regulatory winds, Tempo could become a major player in shaping the future of digital payments.
