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Tempo

Morning Minute: Stripe’s L1 Blockchain ‘Tempo’ Goes Live (Sort Of)

by admin September 7, 2025

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors mostly even; BTC leads at $112,300 ahead of ‘Corn Moon’
WLFI blacklists Justin Sun’s tokens for terms violations
Stripe introduces payments-focused ‘Tempo’ blockchain live in testnet
New SEC releases pro-crypto agenda while Gary Gensler’s 2022-2023 texts are “lost”
Myriad drops 2 UX enhancements, teases TGE for first time

💸 Tempo Is Live (Sorta): Stripe + Paradigm’s Payments L1

The big players are coming into crypto.

And they’re accelerating.

📌 What Happened

Yesterday, Stripe and Paradigm announced Tempo, now in private testnet.

They have a heavy-hitting roster of design partners, including Visa, Deutsche Bank, Shopify, Nubank, OpenAI, Revolut and more.

The chain is purpose-built for stablecoin payments, targeting 100k+ TPS with sub-second finality, EVM compatibility (built on Reth) and a model that lets fees be paid in any stablecoin via an enshrined AMM.

So what’s it for?

The target use cases are global payouts, payroll, remittances, micro-transactions, tokenized deposits (24/7 settlement), embedded accounts, and even agentic payments.

🗣️ What They’re Saying

“We hope that Tempo makes it easier for things like payment acceptance, global payouts, remittances, microtransactions, tokenized deposits, agentic payments … to move onchain.” – Patrick Collison, Stripe CEO

“We’re building Tempo with principles of decentralization and neutrality… launch with a diverse set of validators, transition to a permissionless model.” – Matt Huang, Paradigm

the most important detail about stripe/paradigm’s stablecoin chain is that they are STABLECOIN NEUTRAL

while all the other stablecoin chains are playing tribalism, tempo swoops in to take everything https://t.co/eZWhtrIZRP

— John Wang (@j0hnwang) September 5, 2025

🧠 Why It Matters

There’s a reason why so many big players are building stablecoin products and infrastructure.

Fees are lower for on-chain payments.

For a $100 item, a standard credit card fee would be $3.20. If purchased via stablecoins, fees would be $0.50 or much lower – a huge spread.

That’s the opportunity that Stripe sees, and they’re clearly moving quickly.

Their advantage here is their purpose-built chain (along with their laundry list of launch partners and beta testers).

Many of today’s big chains were optimized for trading, while Tempo optimizes for payments, the largest real-world use case for crypto.

If it works, on-chain dollars become the default rail for payouts and commerce.

And that’s a boon for the broader crypto space. More stablecoins grow the overall crypto pie and bring more users on-chain.

But it doesn’t necessarily mean your favorite L1 blockchain’s token is going to go up in price…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

Crypto majors are mostly even with BTC leading; BTC +1% at $112,300, ETH even at $4,420, XRP even at $2.84, SOL -1% at $207
M (+26%), PUMP (+10%) and XDC (+5%) led top movers
The Bitcoin ETFs saw $220M in net outflows on Thursday, breaking a big 2-day inflow streak; the ETH ETFs saw $167M in net outflows
The SEC set a pro-crypto agenda, unveiling rulemakings to define digital-asset offers/sales and ease listings on U.S. exchanges
Stripe + Paradigm revealed their Tempo blockchain aimed at low-cost stablecoin settlement with partners including Visa, Deutsche Bank, OpenAI
Kraken announced a buyout of Breakout, planning to integrate the trader-native platform into Kraken Pro
WLFI blacklisted Justin Sun‘s address from selling his 595M unlocked tokens, citing activity concerns that broke WLFI rules (WLFI +15% since the news)
Gary Gensler’s text messages from Oct 2022 to Sept 2023 have been “lost” according to a recent audit

In Corporate Treasuries

In Memes

Memecoin leaders are slightly green on the day; DOGE +1%, Shiba +1%, PEPE +1%, PENGU -1%, BONK +2%, TRUMP +1%, SPX +4%, and FARTCOIN -1%
NEET (+20%), BITTY (+30%), SPARK (+15%) and TOKABU (+13%) led onchain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

Pump Fun did another $12M in buybacks over the past week, representing 98% of their revenue
Myriad announced two new UX enhancements, including direct sign-in w/ MetaMask, Rabby & Rainbow wallets and easier bridging directly within Myriad, along with confirmation that USDC predictions will “be considered at TGE”
Arbitrum launched DRIP, its $40M DeFi incentive program, targeting leveraged looping with 24M ARB in rewards
Fireblocks launched a stablecoin payments network, connecting 40+ participants to streamline B2B stablecoin flows

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

Overall market cap even at $12.7B, leaders were mixed
FARTCOIN (-1%), VIRTUAL (+1%), TIBBIR (+5%), aixbt (+3%) & ai16z (+1%)
VADER (+33%) and VIRGEN (+22%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

ETH NFT leaders were mixed; Punks +2% at 48.9 ETH, Pudgy -1% at 9.8, BAYC -1% at 9.1 ETH
HV-MTL up 230% were a notable top mover
Abstract NFTs were mostly red, led by Roach Racing (+7%)
Pudgy Penguins announced that OpenSea will be its official home, along with the PENGU token
The Pudgy Party soulbound token can now be claimed inside MetaMask portfolio
NFL All Day revamped its collector experience, rolling out verified digital autographed rookie highlight moments and partnering with four NFL teams on in-person activations to onboard more fans

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September 7, 2025 0 comments

GameFi Guides

Stripe, Paradigm Unveils Payments-Focused Blockchain Tempo

by admin September 4, 2025

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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September 4, 2025 0 comments

NFT Gaming

Stripe, Paradigm test new rails for stablecoin payments with Tempo

by admin September 4, 2025

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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September 4, 2025 0 comments

NFT Gaming

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

by admin September 4, 2025

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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Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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September 4, 2025 0 comments