Stripe’s new product, Open Issuance, will allow businesses to launch their own stablecoins.
Stripe and Paradigm announce new payments-focused blockchain Tempo
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Stripe is developing what it calls Tempo, and Circle announced Tuesday that it’s building a protocol called Arc.
Senior Coinbase exec Jesse Pollak described the deal as a “holy crap” moment for the payments industry.
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.
Industry onlookers believe the fight may impact the bottom line of stablecoin giant Circle.
Tempo, incubated by Stripe and the venture firm Paradigm, raised $500 million at a $5 billion valuation in 2025.
