Stripe is secretly developing a new blockchain network called Tempo, in collaboration with crypto-focused venture capital firm Paradigm, a recent Fortune report showed. The project first came to light through a now-removed job posting on the Blockchain Association’s website. The project was described as a high-performance, payments-first Layer-1 blockchain, and is being developed by a small, five-person team operating in stealth mode.
Owning its own blockchain
According to reports, Tempo will be Ethereum-compatible, letting developers build using familiar tools like Solidity while benefiting from Stripe’s integrated payment ecosystem. If Stripe does develop its own blockchain, it can get tighter control over transaction processing.
It will help them enable more predictable fees, faster settlement, and reduced reliance on external networks. Analysts also say that it can help reduce risk from network congestion or third-party failures. Stripe and Paradigm have not officially commented on the developments, and a launch date still remains undisclosed.
With the passage of the GENIUS Act, which provides a clear regulatory framework for stablecoins in the U.S., Stripe can reap those benefits now. If successfully deployed, Tempo could redefine Stripe’s role in global payments. It could challenge traditional systems like SWIFT, and offer faster, cost-effective blockchain-based alternatives.
Building on other acquisitions
Tempo is the latest bet on crypto from Stripe. In October 2024, Stripe took a $1.1 billion bet by acquiring stablecoin rail provider Bridge. Then, in June 2025, they acquired wallet developer, Privy.
Stripe has rolled out several stablecoin tools, like payment options in developing countries, Visa-linked cards for merchants, and accounts for storing and trading stablecoins. By running its own blockchain, Stripe could make stablecoin payments faster, reduce reliance on outside networks, and offer more flexible pricing for business clients.