Stripe, Paradigm Unveil Tempo as Blockchain Race for High-Speed Stablecoin Payments Heats Up

Payments giant Stripe and crypto investment firm Paradigm on Thursday officially unveiled Tempo, their joint blockchain project designed for stablecoin payments.The initiative, incubated inside Stripe, is designed to handle the kind of scale Stripe sees in real-world financial applications, processing tens of thousands of transactions per second with sub-second finality, Stripe CEO Patrick Collison said in an X post.The project launches with a list of heavyweight partners including Anthropic, Deutsche Bank, DoorDash, Nubank, OpenAI, Revolut, Shopify, Standard Chartered and Visa, who will help shape its design, he added.”We hope that Tempo makes it easier for things like payment acceptance, global payouts, remittances, microtransactions, tokenized deposits, agentic payments, and more, to move onchain,” he said.Tempo, first leaked in August in a…