Stripe is developing what it calls Tempo, and Circle announced Tuesday that it’s building a protocol called Arc.
Exclusive: Fintech giant Stripe building ‘Tempo’ blockchain with crypto VC Paradigm
August 11, 2025
Exclusive: Top crypto VC Matt Huang to lead Stripe blockchain Tempo as CEO, stay at Paradigm
August 12, 2025
Exclusive: Circle cofounder raises $18 million to build ‘AI-native bank’
Led by Paradigm managing partner Matt Huang, Tempo is Big Tech’s first major move into crypto.
Huang serves on Stripe’s board, and his VC firm Paradigm is helping incubate the fintech’s blockchain.
John Egan played a key role in the development of Stripe’s crypto strategy, including both its acquisition of the stablecoin…
Tempo, incubated by Stripe and the venture firm Paradigm, raised $500 million at a $5 billion valuation in 2025.
Stripe’s new product, Open Issuance, will allow businesses to launch their own stablecoins.
This is the high-profile startup’s first venture investment since Tempo was founded this year.
