Recently, Stripe, the fintech giant, announced it is working on a new blockchain project called Tempo, as seen on a job posting from August 3rd on the Crypto Lobby Group Blockchain Association website. The ad describes Tempo as a high-performance, payment-oriented blockchain.
The posting indicates that Tempo is still in its early stages, operating quietly with a small team of five, and is developed in partnership with Paradigm, a venture capital firm focused on crypto, where co-founder Matt Huang is also an executive at Stripe. Applicants for the marketing roles are advised to have “experience in marketing to Fortune 500 audiences.”
According to four anonymous sources, it’s noted that this Layer 1 blockchain is independent and doesn’t rely on protocols or coding languages used by platforms like Ethereum.
Both Stripe and Paradigm representatives have chosen not to comment on this development. The job listing has since been removed, and we reached out to both companies for clarification.
Tempo represents Stripe’s latest strategic move. The company is valued at nearly $92 billion, primarily due to its payment solutions, which range from easy online checkouts to automated corporate invoicing.
In October, Stripe made headlines with its $1.1 billion acquisition of Bridge, a stablecoin infrastructure firm. Earlier, in June, they acquired Privy, a crypto wallet developer, although financial details weren’t disclosed.
Stripe’s focus on cryptocurrencies has been underscored by their belief that these assets can serve as more efficient payment methods compared to traditional systems like SWIFT. They argue that cryptocurrencies can lower costs for cross-border transactions and minimize fees.
Stablecoins, which have existed for over a decade, have seen increased interest, especially following the signing of the Genius Act by former President Trump, which offers federal regulatory guidance for the growing crypto sector.
While many major tech companies like Meta, Apple, and Airbnb are looking into stablecoin integration, Stripe is leading the way. Patrick Collison, Stripe’s founder and CEO, remarked that they’re now deeply invested in stablecoins as the technology evolves.
With its acquisition of Bridge, Stripe is enabling companies to adopt stablecoins into their payment structures while providing control over their own fintech platforms. The acquisition of Privy allows customers to create crypto wallets for managing their assets. This new blockchain initiative adds another layer to the stablecoin technology stack, serving as the infrastructure for stablecoin transactions.
However, Stripe hasn’t outlined its reasons for developing a blockchain or indicated any plans to issue a cryptocurrency in support of it—something that can be typical for new blockchain projects.
Updated August 11, 2025: Added notes after the job posting was removed; I’ve reached out to both Stripe and Paradigm for updates.
