Catenaa, Tuesday, August 12 2025-Fintech giant Stripe is developing a new blockchain called “Tempo” in partnership with crypto venture capital firm Paradigm, according to a now-removed job posting reviewed by the Fortune Magazine.
The August 03 listing, posted on the Blockchain Association’s job board, described Tempo as a “high-performance, payments-focused blockchain” still in stealth mode with a five-member team.
The posting, which sought a product marketing lead with experience targeting Fortune 500 companies, was removed after Fortune contacted Stripe and Paradigm.
The report says that both companies had declined to comment.
Four people familiar with the matter said Tempo will be a layer 1 blockchain, not built atop another protocol, and will be compatible with Ethereum’s coding language.
Matt Huang, Paradigm’s cofounder and managing partner, serves on Stripe’s board.
The project marks Stripe’s latest foray into crypto, following its $1.1 billion acquisition of stablecoin infrastructure firm Bridge last October and its June purchase of crypto wallet developer Privy.
Those deals expand Stripe’s reach across the stablecoin ecosystem, from infrastructure to end-user wallets.
Stablecoins, pegged to assets like the US dollar, have drawn surging interest since President Donald Trump signed the GENIUS Act in July, setting federal rules for the sector.
Stripe CEO Patrick Collison told Congress in March that stablecoins could lower cross-border payment costs and reduce transaction fees compared with legacy systems.
While Stripe has not disclosed whether Tempo will have its own cryptocurrency, control over a proprietary blockchain could give the $92 billion fintech more leverage in processing and settling stablecoin payments.
