Stripe and Paradigm rolled out Tempo to give enterprises a blockchain built for payroll, remittances and other daily payments.

The new L1 targets stablecoin transactions and real-world financial use cases, addressing gaps the firms see in trading-oriented crypto infrastructure.

Tempo draws on Stripe’s payments experience and Paradigm’s crypto engineering work, with design motivations such as fees denominated in fiat units familiar to users and support for batch transfers.

Initial design partners include Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered and Visa.

The network is expected to support payment acceptance, global payouts, microtransactions, tokenised deposits, embedded financial accounts and agentic payments, with a built-in stablecoin AMM to remain neutral across different stablecoins.

Stripe said usage of stablecoins and crypto is rising across its own services including Stripe, Bridge and Privy.

CEO Patrick Collison also highlighted the performance gap Tempo aims to close, noting that Bitcoin handles about five transactions per second, Ethereum around 20 and newer chains up to 1,000, compared with Stripe’s own peak volumes of more than 10,000.

Tempo is an independent company with a 15-person team led by Paradigm co-founder Matt Huang, who continues to lead the investment firm alongside Alana.

Stripe and Paradigm are the first investors. The network will begin with an independent and diverse validator set and plans to transition to permissionless validation.

According to the firms, Tempo is intended to complement existing crypto infrastructure and provide a pathway for more enterprises to adopt on-chain financial services.

Stripe itself will continue to work with multiple blockchains. More information is available by contacting partners@tempo.xyz.

Featured image: Edited by Fintech News Singapore, based on image by Irina Beloglazova via Freepik