Fintech Giant Stripe today officially announced its partnership with the venture capital company paradigm, revealing that the company is launching Tempo, a layer 1 blockchain.
Tempo is an Ethereum-Virtual Machine (EVM) compatible blockchain designed for heavy payment use cases with built-in Stablecoin Automated Market Maker (AMM), claiming high throughput, low latency, opt-in private transactions. According to an X-po post from Tempo’s official account, the chain has over 100,000 transactions (TPS) and sub-second finality per second.
Partnership news and plans to launch Tempo were first reported by Fortune less than a month ago, citing anonymous sources and job listings, but the company has yet to confirm the move.
According to its website, Tempo will be a neutral and permitted blockchain “open for anyone to build.” However, please note that network variators will be bootstrapped with Tempo’s design partners before moving to a model that is not permitted in the future.
According to the website, certain partners running the nodes are private, but can include open or artificial intelligence leaders like humanity, bank giants such as Visa, Deutsche Bank, Standard Charter, and more.
Stripe code push
Stripe is one of the world’s payment leaders, processing a $1.4 trillion payment volume in 2024. Stripe’s latest salary increases in February valued the company at $91 billion, and infrastructure providers jumped towards a steady world in 2025.
The company introduced its Stablecoin Financial account in May. This allows users to send, receive and store Stablecoins over Stripe. However, North America and Western Europe are ground blocked from this feature.
Tempo may provide users at Geoblocked locations with a stripe alternative to the Stablecoin Financial account, and Tempo’s unauthorized vision may cause Defi applications to be launched in the chain in the future.
Paradigm founder Matt Huang shared the announcement on social media, commenting: “We build tempos with the principles of decentralization and neutrality.
Stripe CEO Patrick Collison also commented on the news in an X post, writing:
“We hope that Tempo will facilitate payment acceptance, global payments, remittances, microtransactions, tokenized deposits, agent payments and more.
Last month, both Google and USDC publisher Circle announced that it will launch its own L1 chain.
