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Stripe Names Paradigm's Matt Huang as CEO of New 'Tempo' Blockchain: Fortune
The payments giant is reportedly bringing on the crypto veteran to lead its EVM-compatible L1's development.
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Stripe tapped crypto VC and Paradigm co-founder Matt Huang to lead its upcoming blockchain project, Tempo, formally stepping into a CEO role for the payments-focused Layer-1 network, Fortune reports.
What’s the Scoop?
- New CEO on Deck: Stripe appointed Matt Huang as the chief executive for Tempo, its own blockchain initiative tailored for stablecoin transactions.
- Built for Payments: Tempo will be an Ethereum-compatible, high-performance blockchain optimized for payments and stablecoin usage, likely running transactions on USDC.
- Strategic Fit: This move follows Stripe’s recent push deeper into crypto—backed by its acquisition of stablecoin infrastructure provider Bridge.
- Dual Responsibilities: Huang will oversee Tempo while continuing his leadership at Paradigm as co-founder and managing partner. Huang is already a board member at Stripe.
Bankless Take:
Huang, a vocal supporter of Stripe’s recent crypto acquisitions and a crypto-native board member of the company, is a natural choice for CEO of its payments-focused L1. Dual roles at Paradigm and Stripe place Huang squarely in the intersection of crypto and fintech, and position Tempo to compete in the increasingly competitive payment stablecoin blockchain sector.