Stripe and Paradigm Unveil Permissionless Layer 1 Blockchain, Tempo
Fintech large Stripe right now 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 cost use circumstances with a built-in stablecoin automated market maker (AMM), and claims excessive throughput, low latency, and opt-in non-public transactions. In accordance with an X submit 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 slightly over a month in the past, citing nameless sources and a job itemizing, however the companies had but to substantiate the transfer.
In accordance with its web site, Tempo will likely be a impartial and permissionless blockchain that’s “open for anybody to construct on.” Nonetheless it’s value noting that the community validators will likely be bootstrapped with Tempo’s design companions earlier than transitioning to a permissionless mannequin sooner or later.
The precise companions that will likely be working the nodes are undisclosed, however might embody the likes of synthetic intelligence leaders like OpenAI or Anthropic, in addition to funds and banking giants similar to Visa, Deutsche Financial institution, and Commonplace 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 Might, which permits customers to ship, obtain, and retailer stablecoins in Stripe. Nonetheless, North America and Western Europe are geoblocked from the characteristic.
Tempo might present customers in geoblocked areas a Stripe-backed various to Stablecoin Monetary Accounts, and as a consequence of 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 ideas of decentralization and neutrality. That features: Stablecoin neutrality: anybody can challenge a stablecoin, and any stablecoin can be utilized for funds/gasoline. Unbiased and various validator set, with a roadmap towards a permissionless mannequin.”
Stripe CEO, Patrick Collison, additionally commented on this information in an X submit, writing:
“We hope that Tempo makes it simpler for issues like cost 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.
