Stripe has appointed Matt Huang, co-founder and managing partner of crypto venture firm Paradigm, as the chief executive officer of its upcoming blockchain Tempo.

Huang, who already sits on Stripe’s board, will retain his position at Paradigm. That’s according to Fortune, citing sources familiar with the project.

The move aligns with a growing trend of developing stablecoin-focused blockchains. These include Plasma, which recently attracted over $373 million in an oversubscribed token sale, and Tether-focused blockchain Stable.

The stablecoin sector, with a $270 billion market capitalization, has been growing exponentially and was further propelled by Trump’s recent signing of the GENIUS Act into law. The act established a regulatory framework for the sector in the U.S.

Tempo is described as a “high-performance, payments-focused” layer 1 that will run code compatible with Ethereum. It’s unclear when the blockchain will be launched, or whether it’ll have its own token.

Huang, a former Sequoia partner, has helped Paradigm manage $12.7 billion in assets and back projects including decentralized exchange Uniswap and crypto infrastructure provider Fireblocks.

Read more: Stripe Building Payments Blockchain 'Tempo' With Paradigm: Fortune

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。