What Is Tempo? The Payments and Stablecoin Blockchain Built by Stripe

Tempo is a new layer-1 blockchain developed by Stripe and Paradigm, focused on payments and stablecoins, designed to optimize real-world financial transactions. Currently in private testnet, Tempo aims for rapid transaction speeds of around 100,000 transactions per second (TPS) and low fees, ideal for various use cases including global payouts, payroll, and remittances. The network also features an opt-in privacy system, allowing users to keep certain transaction data private while complying with financial regulations. It integrates with major companies like OpenAI, Shopify, and Visa, enhancing its functionality by testing practical applications with independent validators and infrastructure partners. Tempo intends to transition into a fully open and permissionless network for broader access. With an automated market maker (AMM) feature, users can pay transaction fees using different stablecoins, making it flexible for a wide range of users. Overall, Tempo represents a significant advancement in blockchain technology tailored to meet modern payment demands.

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