Stripe and Paradigm have unveiled Tempo, a new blockchain designed specifically to improve payments using stablecoins. This initiative is aimed at tackling the longstanding challenges of speed and stability in the crypto payments space, by leveraging the unique properties of stablecoins, which are digital assets pegged to currencies like the US dollar.

Tempo is set apart by its focus on high-volume, low-latency transactions, making it well-suited for everyday commerce, remittances, and business payments. Backed by Stripe’s experience in digital payments and Paradigm’s expertise in blockchain innovation, the new network is designed to be more efficient and scalable than current alternatives.

A notable aspect of Tempo’s launch is the impressive group of partners on board, including major companies from finance, technology, banking, and e-commerce. Companies like Anthropic, OpenAI, Visa, Revolut, Shopify, Deutsche Bank, and many others are among the first to explore integrating with Tempo. Their involvement suggests strong confidence in blockchain’s potential to reshape global payments and hints at a wave of future applications.

Tempo will operate as an independent company, with Matt Huang, co-founder of Paradigm and Stripe board member, taking the lead. The blockchain has already entered private testing, setting the stage for broader rollout.

This move reflects growing momentum in reimagining how money moves globally. With companies like Stripe and Paradigm behind Tempo and such a prominent coalition of industry partners, the way we use digital money for routine transactions could change significantly in the coming years.