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

Tempo is a new layer-1 blockchain developed by payments company Stripe in collaboration with crypto venture firm Paradigm. Designed specifically for payments and stablecoins, Tempo focuses on real-world use cases including cross-border transactions and remittances, and promises to handle up to 100,000 transactions per second (TPS) with low fees. The project is in its private testnet phase, collaborating with major companies like OpenAI, Shopify, and Visa for initial design insights and validations. Notably, Tempo includes an automated market maker that allows users to pay transaction fees with any supported stablecoin, enhancing user flexibility. The blockchain is expected to transition to an open, permissionless model, enabling broader participation in its validation process.

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