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Stripe Is Building an EVM-Compatible Layer-1 for Payments

Stripe has teamed up with Paradigm to quietly develop the 'Tempo' blockchain.
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Aug 12, 2025 • 1 min read

Stripe and Paradigm partnered to build an EVM-compatible, high-performance blockchain called Tempo—designed from scratch to deliver ultra-fast, low-cost payments worldwide.

What’s the Scoop?

  • New Blockchain Coming: The "Tempo" project is a stealth Layer‑1 blockchain being built for payments, not by forking another chain, but from the ground up.
  • EVM Compatible: It’s fully compatible with Ethereum tooling, making it easier for developers to plug in DeFi, wallets, and more.
  • Paradigm Plays a Role: Paradigm's co-founder, Matt Huang, is directly involved and joined Stripe’s board to help steer development.
  • Follow-Up to Acquisitions: This move builds on Stripe’s recent push into crypto: it bought stablecoin infrastructure provider Bridge for $1.1B and wallet provider Privy earlier this year.
  • Big Picture Aim: Tempo could merge Stripe’s payment network with blockchain speed—aimed at disrupting older systems like SWIFT and making stablecoin rails mainstream.

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