Payment giant Stripe secretly develops a new chain "Tempo," the final piece in the stablecoin layout?

CN
5 hours ago

Original Title: "Payment Giant Stripe Secretly Develops New Chain 'Tempo', Integrating Bridge and Privy for Seamless Stablecoin Payments"

Original Author: Joe, BlockTempo

A job description has given the outside world a glimpse into Stripe's next move: a new blockchain called Tempo. According to a report by Fortune on August 11, the cryptocurrency lobbying group Blockchain Association recently posted new job listings, indicating that Stripe is hiring for a product marketing position for the new chain.

Image Source: Blockchain Association

Tempo Plan Revealed: Stripe's Secret Collaboration with Paradigm

According to the job description, Tempo is a "high-performance, payment-focused blockchain built in collaboration with Paradigm and Stripe," compatible with Ethereum, and developed by a five-person team under "undisclosed mode."

After Fortune sought confirmation from both companies without a response, the job listing has since expired, but the content remains available online, suggesting that Stripe's new chain may be launched soon.

Vertical Integration: The Puzzle of Bridge, Privy, and Tempo

Looking ahead, Tempo is not a one-off initiative but the final piece of Stripe's stablecoin strategy.

In October 2024, Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion; in June of this year, it also brought wallet developer Privy under its wing. Bridge provides stablecoin issuance and integration capabilities, while Privy handles the end-user wallet experience. Now, with the addition of Tempo's chain-level processing, Stripe can fully control everything from token minting to transaction settlement.

In the future, enterprise clients may be able to complete stablecoin payments through Stripe on a single interface, potentially bypassing the SWIFT network for near-instant cross-border settlements.

Policy and Market Environment: The Stablecoin Boom Provides Nutrients

We know that stablecoins are seen as a tool to reduce the cost of cross-border payments, and regulators in various countries are beginning to provide clear frameworks. Notably, the GENIUS Act signed by U.S. President Trump in July defined the status of stablecoins at the federal level for the first time, clearing legal uncertainties for future corporate adoption.

Tech giants have also been testing stablecoin services, indicating that demand is no longer limited to the crypto-native sphere. Stripe CEO Patrick Collison stated during a House hearing in March this year:

"As the underlying technology matures, we are seeing meaningful commercial interest in stablecoins."

In hindsight, this statement seems more like a prelude to Tempo's low-key launch.

The Potential Ripple Effects of Tempo

Tempo has not yet announced a specific launch date, but the connections from acquisitions to job postings already indicate ambition. The next competitive focus in the payment industry may shift from card processing fees to who can provide the fastest, cheapest, and most reliable stablecoin settlement services.

Stripe's choice to build its own blockchain rather than simply integrating existing public chains sends a clear message: to maintain dominance in the future global payment battlefield, it must control every critical path from the user end to the validation nodes. A payment reconstruction driven by stablecoins is accelerating into motion.

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