The fintech large Stripe is growing a brand new blockchain, in accordance with a latest job posting on a website for the crypto foyer group Blockchain Affiliation. “Tempo is a high-performance, payments-focused blockchain,” reads the job commercial, which is for a product advertising place and dated Aug. 3.
The posting goes on to say that Tempo is in stealth, has a staff of 5, and is being in-built partnership with Paradigm—a crypto enterprise capital agency whose cofounder and managing accomplice, Matt Huang, is on the board of Stripe. Candidates for the advertising place ought to have “expertise advertising to a Fortune 500 viewers,” per the advert.
The blockchain is a layer 1, or not constructed on prime of different protocols, and it’s appropriate with the coding language used on the blockchain Ethereum, in accordance with 4 sources briefed on the matter. All sources requested anonymity to speak about non-public enterprise conversations.
Spokespeople for Stripe and Paradigm declined to remark. The job posting was taken down after Fortune reached out to each corporations.
Tempo is the newest wager on crypto from Stripe, which has grown to an nearly $92 billion valuation on the again of cost merchandise like simple on-line checkout and automatic invoicing for companies.
In October, Stripe introduced it was paying $1.1 billion for the stablecoin infrastructure agency Bridge, its largest acquisition up to now. And in June, the funds titan mentioned it purchased the crypto pockets developer Privy. (It didn’t disclose the worth.)
Stripe’s crypto buying spree comes amid a rush of curiosity in stablecoins, or cryptocurrencies pegged to underlying belongings just like the U.S. greenback. Boosters say the crypto belongings are a more practical cost know-how than legacy monetary infrastructure like SWIFT or wires. Additionally they argue that the know-how can scale back cross-border cost prices in addition to lower down on transaction charges, amongst different advantages.
Though stablecoins have existed for greater than a decade, broader curiosity within the know-how has picked up steam over the previous 12 months, particularly after President Donald Trump signed the GENIUS Act into regulation in July. The invoice outlines federal regulatory steerage and guidelines for the burgeoning sector of crypto.
Stablecoins have turn into such a buzzy topic on the planet of funds that even Large Tech giants like Meta, Apple, and Airbnb are exploring stablecoin integrations—however Stripe is main the cost. “We at the moment are seeing significant enterprise curiosity in stablecoins because the underlying know-how has matured,” Patrick Collison, cofounder and CEO of Stripe, mentioned in testimony to the Home in March.
Stripe’s acquisition of Bridge provides the fintech possession of a platform that helps corporations combine stablecoins into their cost flows and difficulty their very own. And its buy of Privy provides it the power to construct out crypto wallets for patrons to assist them handle their holdings. A brand new blockchain would permit it to manage one other layer within the stablecoin tech stack—the servers that course of stablecoin transactions.
Stripe hasn’t publicly said its causes for constructing a blockchain. It additionally hasn’t mentioned it intends to difficulty a cryptocurrency to help it—a standard transfer for founders of a brand new crypto protocol.
Replace, Aug. 11, 2025: This text has been up to date to notice that the job posting has since been taken down after Fortune reached out to Stripe and Paradigm for remark.
