Stripe is making a big bet on blockchain.
CEO and co-founder Patrick Collison announced Thursday that the payments giant is funding a new independent company called Tempo, designed to handle high-volume stablecoin transactions. Stablecoins, which are pegged to assets like the U.S. dollar, are often used to reduce crypto’s volatility, and Stripe already has experience in the space following its acquisition of stablecoin startup Bridge.
What sets Tempo apart is its star-studded roster of early design partners. Companies already signed on include Anthropic, OpenAI, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, Revolut, Shopify, Standard Chartered, and Visa. If the blockchain delivers on its promise, these partners could use it for everything from agentic payments to global remittances.
Adding more weight, Matt Huang, co-founder of leading crypto VC firm Paradigm and a Stripe board member, has been tapped to lead Tempo. Paradigm is also investing in the new venture.
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According to Collison, Tempo will be operated as an independent company, though its launch underscores Stripe’s ongoing interest in crypto infrastructure and the role stablecoins could play in mainstream payments.
