Payment giant Stripe’s decision to develop its blockchain signals a fundamental shift in how major fintech companies view crypto infrastructure, industry experts say.
The move, revealed through a job posting this week, positions Stripe to control every layer of the stablecoin payment stack.
Stripe’s Quiet Entry into Blockchain Infrastructure
Stripe’s blockchain project, called Tempo, represents the final piece in what analysts describe as a deliberate vertical integration strategy. A recent job posting for a product marketing role reveals that Stripe is developing Tempo, a layer-1 blockchain focused on payments. According to Fortune, the team behind the project reportedly consists of five members working in stealth mode.
The position requires candidates to have experience marketing to Fortune 500 companies, highlighting the enterprise ambitions for the new protocol. Sources familiar with the project explain that Tempo will be compatible with Solidity, the programming language used on Ethereum, positioning it to leverage the existing developer ecosystem.
The timing of Stripe’s blockchain push coincides with growing corporate interest in stablecoin payments. Major tech companies, including Meta, Apple, and Airbnb, are exploring stablecoin integrations as an alternative to traditional payment systems.
Tempo represents Stripe’s latest investment in blockchain technology, building on a series of recent acquisitions. Last October, Stripe acquired Bridge, a stablecoin infrastructure company, for $1.1 billion — its largest purchase to date. This was followed by the acquisition of Privy, a crypto wallet developer, in June, although the financial details were not disclosed.
These moves come amid a surge of interest in stablecoins — cryptocurrencies pegged to traditional assets like the US dollar. Proponents argue that stablecoins offer faster, cheaper cross-border payment solutions compared to legacy systems such as SWIFT or traditional wire transfers. The market momentum accelerated after the signing of the GENIUS Act into law in July, which provides federal regulatory clarity to the sector.
Market Implications and Next Steps
While stablecoins are increasingly attracting attention from major tech firms including Meta, Apple, and Airbnb, Stripe has positioned itself as a frontrunner in integrating these digital assets into payment infrastructures. Patrick Collison, Stripe’s CEO and cofounder, testified before the US House of Representatives in March that the company is witnessing growing business interest in stablecoins as the underlying technology matures.
The acquisition of Bridge grants Stripe control over a platform that enables companies to embed stablecoins into payment flows and issue their tokens. Privy’s technology allows Stripe to offer crypto wallets to customers, facilitating secure asset management. Developing a proprietary blockchain like Tempo would enable Stripe to control yet another critical layer: the network infrastructure that processes stablecoin transactions.
Stripe has yet to clarify its intentions for the new blockchain, including whether it plans to launch a native cryptocurrency — a common strategy among blockchain protocol founders. All sources spoke to Fortune under the condition of anonymity due to the private nature of the project. Neither Stripe nor Paradigm representatives offered comments, and the job listing was removed after media inquiries.
As Tempo remains in stealth, the industry is watching closely to see how Stripe’s ambitions will shape the future of crypto payments.
This story builds on reporting by Fortune.
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