Stripe, a major player in payment solutions with an almost $92 billion valuation, has revealed plans to develop its own blockchain through a project called Tempo.

Tempo operates in stealth mode and is being developed by a team of five individuals. The collaboration involves Paradigm, a crypto venture capital firm.

According to sources familiar with the situation, Tempo’s blockchain is a layer 1 solution that supports programming languages used on Ethereum, though these sources request anonymity for discussing confidential business matters.

Stripe and Paradigm did not comment on this announcement. This development aligns with Stripe’s broader strategy in the cryptocurrency space, which includes significant acquisitions like Bridge and Privy.

Recent Acquisitions

In October 2024, Stripe acquired Bridge, a stablecoin infrastructure firm, for $1.1 billion. This was one of its largest acquisitions to date. In June 2025, Stripe purchased the crypto wallet developer Privy, though the exact price remains undisclosed.

The Rise of Stablecoins

Stripe’s interest in blockchain and stablecoin technologies reflects the growing demand for efficient payment solutions that can lower costs and improve cross-border transactions. Stablecoins are cryptocurrencies pegged to underlying assets like the US dollar, offering a more streamlined alternative to traditional financial infrastructures.

Regulatory Developments and Industry Trends

The GENIUS Act has recently provided regulatory clarity for the crypto sector, attracting interest from tech giants such as Meta, Apple, and Airbnb. Stripe’s move into stablecoins through acquisitions like Bridge and Privy underscores its commitment to integrating these technologies into its payment flows.