Stripe-Backed Tempo Raises $500M to Build the Future of Stablecoin Payments
Hey Payments Fanatic!
Stripe is going all-in on stablecoins, and this time, it’s serious money.
Tempo, a Stripe-backed blockchain startup, just raised $500 million at a $5 billion valuation, one of the biggest blockchain rounds we’ve seen in years.
The project — developed alongside Paradigm, with backing from Sequoia, Ribbit, and SV Angel — is being built for stablecoins, not speculation. Think of it as Stripe’s bid to power the next generation of global payments infrastructure.
Stripe’s recent moves (Bridge, Privy, Open Issuance) already hinted at a stablecoin strategy. But Tempo takes it a step further: a dedicated chain designed to make dollar-backed crypto the rails for everyday transactions.
I’m sure this won’t be the last we hear from Tempo. I’ll be following them closely and sharing every update right here in this newsletter.
Now get off to a great start to the week by reading more payment updates below, and I’ll be back tomorrow!
Cheers,
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