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Stripe Launches Tool To Create Stablecoins In Few Lines Of Code
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Stripe Launches Tool to Create Stablecoins in Few Lines of Code

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Global payments giant Stripe is allowing any business to launch its own stablecoin with minimal effort. The new service, called Open Issuance, promises companies they can mint and manage stablecoins “with just a few lines of code.”

Stripe explained that Open Issuance will let businesses freely mint and burn coins, customize reserves, and decide the mix between cash and U.S. Treasuries. The tool is powered by Bridge, a stablecoin infrastructure company Stripe acquired for $1.1 billion in October 2024. Asset management giants BlackRock, Fidelity, and Superstate will handle the treasuries behind the reserves.

According to Stripe, businesses can launch a new stablecoin in just a few days. Stripe claims that it takes only a few days to launch a new stablecoin by a business. Businesses can even establish reward systems, with the income of reserves, to directly reward customers. 

Stripe claims that the model minimizes the risks associated with building a stablecoin internally, which is usually accompanied by compliance, liquidity, and reserve management issues.

Stablecoins Gaining Mainstream Ground

Interest in stablecoins has surged under the crypto-friendly U.S. President Donald Trump’s administration. In July, the GENIUS Act was signed, which brought regulatory clarity, pushing the market to almost $300 billion. The U.S. Treasury expects that figure to soar to $2 trillion by 2028.

pursuing a federal banking charter and a trust license in New York to comply with U.S. regulatory requirements, according to The Information.

Risks and Industry Trend

Stablecoins are fast and efficient, but they are also associated with risks related to the management of the reserve and regulation. Stripe believes that its infrastructure-based model will reduce those risks to businesses.

This launch follows a wider industry trend. Just a day earlier, Binance rolled out a white-label “crypto-as-a-service” solution for banks and brokerages.

With Open Issuance, Stripe is positioning itself as a leader in crypto infrastructure, making stablecoin adoption faster, safer, and more accessible for businesses worldwide.

Also Read: Fold Partners With Stripe, Visa for New Bitcoin Rewards Card



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Investors favor this new coin under $1 and another coin under $4 over a leading token
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Fold teams up with Visa, Stripe for Bitcoin rewards card

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Fold just made earning Bitcoin as easy as swiping a card—no hoops, no juggling tokens, just real BTC with every purchase.

Summary

  • Fold launched a Bitcoin rewards credit card backed by Visa and Stripe, offering up to 3.5% back in BTC.
  • Cardholders can also earn up to 10% back at major retailers, expanding Fold’s $83 million Bitcoin rewards ecosystem.
  • The product removes staking and category restrictions, positioning Bitcoin as a mainstream loyalty currency.

The company is expanding its ecosystem, having already distributed over $83 million in bitcoin rewards to users. Supported by Stripe’s issuing rails and Visa’s network, the new card seeks to deliver rewards in BTC instead of traditional perks, signaling a push to make crypto a mainstream loyalty currency.

In an announcement on Sept. 23, Fold said the card is designed to offer up to 3.5% back in Bitcoin (BTC) on all purchases, bypassing the category rotations and complex loyalty points typically associated with traditional rewards cards.

Fold CEO Will Reeves emphasized the product’s simplicity, stating it requires “no tokens to stake, no exchange account or balance requirements; just real Bitcoin, earned automatically with every purchase.”

“Our credit card offers clear and compelling value and makes bitcoin easily accessible to everyone,” Reeves said. “It’s simple enough for someone new to bitcoin, but built with the transparency and control early adopters expect. This is the kind of financial tool we’ve always believed bitcoin could power, and with Stripe’s infrastructure and Visa’s global reach, we can finally deliver it at scale.”

A closer look at Fold’s BTC rewards

Cardholders will earn an unlimited 2% back in Bitcoin instantly on every purchase. This base rate can be boosted to 3.5% for users who pay their card balance using a Fold Checking Account with qualified activity, creating an incentive to operate within Fold’s broader financial ecosystem.

Beyond these flat rates, the card taps into Fold’s existing rewards network, offering up to 10% back at hundreds of major merchants. This network includes everyday spending destinations such as Amazon, Target, Home Depot, Uber, Starbucks, and DoorDash, positioning the card to capture a significant portion of typical consumer expenditure.

The new credit card represents a strategic expansion for Fold, which has already established a considerable footprint in the bitcoin rewards space. In the statement, the company claimed it has processed over $3.1 billion in transaction volume to date and has distributed more than $83 million in Bitcoin rewards to users through its existing products.

These include a Bitcoin debit card, an exchange, and gift cards. As the first publicly traded bitcoin financial services company, Fold also notably holds nearly 1,500 BTC in its corporate treasury, aligning its financial strategy directly with the success of its products and the adoption of Bitcoin.

The launch also highlights the growing role of payment processors in integrating digital assets. Stripe has been steadily re-entering the cryptocurrency market this year, launching its Tempo blockchain project in partnership with Paradigm and enabling USDC acceptance for Shopify merchants in collaboration with Coinbase.

Visa, meanwhile, has leaned into crypto-linked card programs and expanded its stablecoin settlement operations, which now handle an estimated $1 billion in annualized volume.



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Stripe CEO Explains Why Stablecoins Are Winning Over Global Businesses

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Stripe CEO Patrick Collison said stablecoins are gaining adoption because they offer businesses faster, cheaper and more reliable payments than traditional systems.

His remarks came in a Hacker News thread on Sept. 5, 2025, one day after Stripe and Paradigm launched Tempo, a blockchain designed specifically for stablecoin payments.

In his first comment on the Tempo announcement thread, Collison wrote that Stripe had been “disappointed with crypto’s payments utility for much of the past decade.” He said the company’s view shifted as more businesses began using stablecoins for routine financial activity.

Collison pointed to Bridge, the stablecoin infrastructure provider Stripe acquired in October 2024. He said SpaceX uses it to manage money flows in hard-to-reach markets, Latin American fintech DolarApp relies on it for banking services, and an Argentinian bike importer uses Stripe’s dashboard to pay suppliers.

“These businesses are not using crypto because it’s crypto or for speculative benefit,” Collison wrote. “They’re performing real-world financial activity, and they’ve found that crypto (via stablecoins) is easier, faster, better than the status quo.”

When asked whether people will eventually “pay with Tempo,” Collison said the blockchain is intended to function behind the scenes. He compared it to financial messaging systems like SWIFT or ACH, noting that consumers may not interact with Tempo directly but would benefit from its efficiency. He called “decentralized, internet-scale SWIFT” an imperfect but useful analogy.

In the answer to another question (about why businesses find crypto payments appealing), Collison outlined five reasons companies prefer stablecoins: near-instant settlement that reduces trapped liquidity, lower costs than card payments, greater reliability in cross-border transfers, fewer currency conversions and direct on-chain access to U.S. dollars.

He also rejected the idea that adoption is mainly regulatory arbitrage. Collison said stablecoins are now explicitly regulated in the United States under the GENIUS Act and in Europe under MiCA, and argued their appeal lies in solving the frictions of high-volume money movement.

In the Thursday announcement, Tempo was described as a “payments-first” blockchain built from the ground up for stablecoins, combining Stripe’s global payments experience with Paradigm’s crypto research. The companies said they launched the network to provide infrastructure tailored to real-world payment needs as stablecoins move into mainstream use.

Tempo’s design emphasizes predictable low fees, optional privacy and the ability to pay both transactions and gas costs in any stablecoin. It includes a dedicated payments lane with features such as memos and access lists, and is EVM-compatible, running on the Reth client. Stripe and Paradigm said the blockchain is engineered to process more than 100,000 transactions per second with sub-second finality.

The network is aimed at supporting global payouts and payroll, remittances, tokenized deposits that can settle around the clock, embedded financial accounts, microtransactions and what the companies call “agentic payments.”

Stripe and Paradigm also stressed governance. They said Tempo will operate as a neutral platform for stablecoins, secured by an independent and diverse validator set, with a roadmap toward fully permissionless validation.

The project launched with a broad roster of design partners, including Visa, Standard Chartered, Deutsche Bank, Nubank, Revolut, Shopify, OpenAI, Anthropic, Coupang, DoorDash, Lead Bank and Mercury.



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Stripe, Paradigm Unveils Payments-Focused Blockchain Tempo
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Stripe, Paradigm Unveils Payments-Focused Blockchain Tempo

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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 job posting, is joining a growing roster of blockchain projects competing for stablecoin payments. It’s potentially a huge market opportunity: Stablecoins, now a $270 billion class of cryptocurrencies, are projected to become a trillion-dollar market and poised to disrupt global payment flows as a cheaper, faster alternative to banking rails, proponents say.

Collison said Tempo was needed because current blockchains, even high-speed ones like Solana SOL$198.37, don’t match Stripe’s throughput or payment-focused requirements.

Tempo targets 100,000 transactions per second with sub-second finality, allows fees to be paid in stablecoins instead of native tokens and includes a built-in automated market maker to ensure neutrality across issuers, he said. The chain is Ethereum Virtual Machine (EVM)-compatible and built on Reth, an Ethereum ETH$4,291.91 execution client.

Tempo is an independent entity with Paradigm and Stripe being early investors, Collison said. Paradigm CEO Matt Huang is leading a team of 15 person.

“We’re building Tempo with principles of decentralization and neutrality,” Huang said in an X post. That includes launching with a diverse set of validators with plans to transition to a permissionless model in the future.

Read more: Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains



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NFT Gaming

Stripe, Paradigm test new rails for stablecoin payments with Tempo

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Stripe and Paradigm’s new blockchain project, Tempo, shifts the focus from DeFi to core business functions. Its architecture is optimized for payroll, B2B invoices, and remittances, seeking to give stablecoins a tangible utility beyond trading pairs.

Summary

  • Stripe and Paradigm unveiled Tempo, a blockchain designed for stablecoin payments at enterprise scale.
  • The project targets payroll, invoices, and remittances, with partners including Deutsche Bank, Visa, and OpenAI.

On September 4, Stripe CEO Patrick Collison announced Tempo, a payments-focused blockchain incubated in partnership with venture firm Paradigm. Positioned as an independent company, Tempo is designed to process stablecoin transactions at a scale that rivals traditional financial networks.

Stripe and Paradigm are Tempo’s first investors, while early design partners range from Deutsche Bank and Visa to OpenAI and DoorDash. The initiative reflects Stripe’s ongoing expansion into digital assets, following its $1.1 billion acquisition of stablecoin infrastructure firm Bridge last year and wallet provider Privy in June.

How Tempo’s design choices set it apart

Tempo’s architecture represents a fundamental departure from existing blockchains by prioritizing the specific demands of corporate finance over general-purpose computation. Where networks like Ethereum or Solana are designed as global computers for everything from NFTs to decentralized apps, Tempo functions more like a dedicated financial utility.

Per the announcement, the blockchain’s core innovation lies in solving the practical frictions that have prevented businesses from adopting crypto rails at scale. For instance, while a trader might tolerate fee volatility in ETH or SOL, a company processing payroll needs absolute cost certainty. Tempo allows fees to be paid in any stablecoin, effectively denominating transaction costs in a predictable fiat currency.

According to its official website, Tempo includes native support for batch transfers, a critical tool for companies paying thousands of employees or vendors at once. Its memo fields are compatible with ISO 20022, the global standard for financial messaging, which allows for seamless reconciliation with existing banking systems.

Additionally, built-in compliance features like “allowlists” and “blocklist” provide the guardrails necessary for regulated entities to participate, with the design philosophy being one of neutrality.

“We will start with an independent and diverse validator set, and plan to move towards permissionless validation. Tempo will have a built-in stablecoin AMM to enable platform neutrality with respect to different stablecoins, and Stripe itself will of course continue to work with many chains as first-class partners,” Collison said.

Collison noted that the project is currently being spearheaded by a compact, fifteen-person team operating under the leadership of Paradigm co-founder Matt Huang. A broader launch timeline remains undefined, reflecting an enterprise-focused, iterative approach to development.



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Stripe and Paradigm Reveal Tempo Blockchain, Built With Help From OpenAI and Visa

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In brief

  • Stripe and Paradigm are building a layer-1 blockchain built specifically for stablecoins and payments.
  • Tempo is being built with major design partners like OpenAI, Shopify, and Visa.
  • The blockchain will allow transaction fee payments in any stablecoin and have advanced privacy features.

Tempo, a layer-1 blockchain built specifically for stablecoins and payments, was announced on Thursday by a pair of prominent partners—fintech giant Stripe and crypto venture capital firm Paradigm.

The Ethereum Virtual Machine-compatible blockchain is receiving early design input from major global firms like OpenAI, Visa, and Shopify, as it builds its network with “high-throughput, low-cost global transactions for any business use case.”

Plans for the network were first reported by Fortune in August, following a mention of the chain in a job listing.



“As stablecoins go mainstream, there’s a growing need for optimized infrastructure. Much of today’s crypto stack either explicitly or implicitly caters to trading (a highly valuable use case in its own right) but is comparatively underoptimized for payments,” wrote Matt Huang, Paradigm’s founder and the lead at Tempo. 

In addition to low fees and its payments-centric experience, the network expects to enable more than 100,000 transactions per second (TPS) with privacy features that will allow users to keep some transaction details hidden. It will also make use of an automated market maker (AMM) that allows transaction fees to be paid via any stablecoin.

Thrilled to team up with @Tempo as a design partner to see what’s possible with a payments-first blockchain. The pace of crypto innovation is incredible at this time, and we’re ready to learn and build alongside them. https://t.co/1LmfXeDZxI

— Andy Fang (@andyfang) September 4, 2025

“Tempo eases the path to bringing real-world flows on-chain,” Huang posted on X, highlighting Tempo’s potential for onboarding global payrolls, remittances, microtransactions, and agentic payments to blockchain. 

The network is currently in private testnet, as the team experiments with use cases like e-commerce and cross-boarder payments with its global partners, according to its website. 

Some of its design partners are also acting as validators for the network, but Tempo will eventually transition to an open, permissionless network. In other words, anyone will be able to participate in network validation in the future. 

“At Stripe, we care about high-throughput, low-latency payments use cases,” wrote Stripe CEO Patrick Collison. “As the use of stablecoins (and crypto more broadly) grows across Stripe, Bridge, and Privy, we found that existing blockchains are not optimized for them.” 

Stripe’s incubation of Tempo will rival layer-1 network plans from Google and Circle, as crypto becomes increasingly intertwined with traditional finance. 

The payments giant acquired crypto wallet infrastructure firm Privy in June, less than one year after spending $1.1 billion to snatch up stablecoin payment platform, Bridge.

Tempo wasn’t the only stablecoin network announcement on Thursday, either. Crypto infrastructure firm Fireblocks also launched its Fireblocks Network, which is supported by USDC issuer Circle and more than 40 other providers.

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Google Reveals Layer-1 ‘Universal Ledger’ Plans as Circle, Stripe Prep Rival Chains

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In brief

  • Rich Widmann, Google Cloud’s head of Web3 strategy, confirmed that the Universal Ledger is a layer-1 blockchain.
  • The system uses Python for smart contracts, diverging from industry standards like Solidity and Rust.
  • Analysts question Google’s neutrality as it competes with Stripe and Circle for institutional blockchain infrastructure.

Over five months after Google Cloud announced a partnership with CME Group, Rich Widmann, the tech giant’s head of Web3 strategy, confirmed Tuesday that the company’s Universal Ledger is indeed a layer-1 blockchain.

“All this talk of layer-1 blockchains has brought Google’s own layer-1 into focus,” Widmann wrote on LinkedIn. “If you’re building a layer-1, it has to be differentiated.”

Widmann’s statement follows CME Group’s March 25 announcement that it has completed the first phase of integration and testing for the project. At the time, details were sparse on whether it was public or private, as well as if it was a layer-1 chain.

A layer-1 or L1 blockchain is a foundational network that runs independently, handling transactions and security directly. Unlike layer-2 or L2 chains, it doesn’t rely on another chain for validation or settlement, though those can extend and improve a chain’s efficiency.



Decrypt reached out separately to Widmann and Google, but did not receive an immediate response.

Why Python?

Dubbed the Google Cloud Universal Ledger (GCUL), Widmann described it as a base layer enabling Python-based smart contracts, setting a programmable, distributed ledger for wholesale payments and asset tokenization.

The choice of programming language sets Google’s L1 apart from those typically used and accepted as standard in the crypto industry, such as Solidity for Ethereum-compatible chains and Rust for chains like Solana, Aptos, and Sui.

Choosing Python is “pragmatic” because it “lowers the barrier for enterprises and fintech developers who already use it for data, finance, and machine learning,” Christine Erispe, a developer advocate at Ethereum Philippines, told Decrypt.

With Python, the upcoming L1 could “accelerate experimentation,” but may also “silo developers” unless Google makes efforts to provide “strong tooling, auditing, and interoperability bridges,” Erispe said.

That move is “a contrarian bet,” because “instead of being EVM-compatible, it leans on Google’s scale, financial institution reach, and a differentiated programming model,” she added.

Credibly neutral?

Unlike other upcoming layer-1 chains such as Stripe’s Tempo or Circle’s Arc, Google’s network is positioned as open infrastructure, with Widmann describing it as a “performant, credibly neutral” chain that “any financial institution” can build on.

While Stripe and Circle are “building chains that fit directly into their existing businesses,” Google is “playing a different game: scale and neutrality,” Aharon Miller, co-founder and COO of crypto payments gateway Oobit, told Decrypt.

As a centralized tech giant, Google “already runs half of the internet’s infrastructure, but the real test is whether institutions believe they’ll stay neutral in the long term,” Miller said.

However, Dr. Sean Yang, chief technology officer at OORT—a data cloud for decentralized AI—argued that Google’s neutrality claim may be “more marketing than reality.”

Google has “massive conflicts of interest across payments, cloud services, and advertising,” Yang told Decrypt.

Asked about the differences between the three L1s underway, Yang said Google is “going broad” while “Circle is going deep,” and “Stripe is targeting developers and payment companies.”

While not in direct competition, the three are “carving out different segments of institutional blockchain infrastructure,” Yang said.

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Chart from Rich Widmann comparing Stripe, Circle, and Google Cloud blockchains
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How It Compares to L1s From Stripe and Circle

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Google Cloud is moving forward with plans to launch its own layer-1 (L1) blockchain, positioning the network as neutral infrastructure for global finance at a time when fintech competitors are developing out their own distributed ledgers.

In a LinkedIn post published Tuesday, Rich Widmann, Google’s head of Web3 strategy, provided fresh details on the project, known as the Google Cloud Universal Ledger (GCUL). He described the platform as a credibly neutral, high-performance blockchain designed for institutions, supporting Python-based smart contracts to make it more accessible to developers and financial engineers.

“Any financial institution can build with GCUL,” Widmann said, arguing that while companies like Tether may be unlikely to adopt Circle’s blockchain and payment firms like Adyen may hesitate to use Stripe’s, Google’s neutral infrastructure removes those barriers.

He also expanded on a comparative chart by fintech strategist Chuk Okpalugo, highlighting how GCUL differs from Stripe’s Tempo and Circle’s Arc, two other high-profile L1 efforts.

A table contrasting Stripe, Circle, and Google Cloud blockchains from Rich Widmann’s LinkedIn post

In setting out Google’s case for the Universal Ledger, Widmann drew contrasts with other high-profile entrants.

Stripe’s project, Tempo, is rooted in its payments empire, effectively extending the company’s existing merchant rails into a vertically coffntrolled chain. Circle’s Arc, by contrast, places its stablecoin at the center of the system, treating USDC as the protocol’s native fuel and promising lightning-fast settlement with built-in currency exchange.

Google’s approach is different still: the Universal Ledger is designed as a shared infrastructure layer, intended to be credibly neutral and accessible to any institution rather than bound to a single payments ecosystem.

Timelines also set the projects apart. Circle has already begun piloting Arc, while Stripe is targeting a launch next year. Google and CME, meanwhile, have completed an initial integration of GCUL, with broader testing to follow later this year and full services expected in 2026.

The distribution story reinforces those distinctions. Stripe can lean on more than a trillion dollars in annual merchant payment flows. Circle can count on USDC’s global footprint and liquidity integrations. Google brings the reach of its cloud platform, along with the promise of scaling a ledger that can support billions of users and hundreds of institutions.

Features further differentiate the chains. Arc’s focus is speed and seamless foreign exchange, Tempo’s is merchant integration, and GCUL’s is programmability through Python-based smart contracts and institutional-grade tokenization.

The result, Widmann argued, is divergent positioning. Stripe’s and Circle’s ledgers may serve their own ecosystems well but risk deterring competitors, while Google is pitching GCUL as neutral ground — a ledger that anyone, from exchanges to payment providers, can use without fear of strengthening a rival.

The institutional-first positioning is not new.

In March, Google Cloud and CME Group jointly announced GCUL, unveiling it as a programmable distributed ledger tailored for wholesale payments and asset tokenization.

CME Group said it had already completed the first phase of integration and testing, describing the technology as a potential breakthrough for collateral, settlement, and fee payments in markets that are increasingly moving toward 24/7 trading.

“As the President and new Administration have encouraged Congress to create landmark legislation for common-sense market structure, we are pleased to partner with Google Cloud to enable innovative solutions for low-cost, digital transfer of value,” CME Chairman and CEO Terry Duffy said at the time. He suggested GCUL could deliver meaningful efficiencies across core market functions, including margin and collateral management.

According to the March announcement, CME and Google plan to begin direct testing with market participants later this year, with an eye to launching services in 2026. Widmann’s Aug. 26 remarks add new detail to that roadmap, reinforcing GCUL’s role as infrastructure designed to be broadly adopted across the financial sector rather than controlled by a single payments company.

By positioning GCUL against Stripe’s Tempo and Circle’s Arc, Google is signaling that competition among major technology firms to define the next generation of financial settlement rails is accelerating.

Technical details on GCUL’s architecture remain limited, though Widmann said more would be released in the coming months. For now, Google is presenting the Universal Ledger as a foundation for global-scale payments, institutional tokenization and around-the-clock capital markets infrastructure.

Read More: Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains



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