• TEXT= DATE: 08.12.2025 BRIDGE Summit | 8-10 Dec 2025 | Abu Dhabi
  • TIMER= 08.12.2025
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Stripe to build new L1

Stripe to build new L1 for payments with Paradigm and stablecoin infrastructure push

https://icn.live/wp-content/uploads/2025/08/Stripe-to-build-new-L1.mp3
  • by ICN.live
Adnan Al-Jaziri

Stripe to build new L1 is a major step in the company’s evolving crypto strategy.

The project, named Tempo, will focus on high-performance blockchain payments and is being developed in partnership with Paradigm. According to a Fortune report, the initiative remains in stealth, with a five-person team leading development. Sources say the blockchain will be layer 1 and compatible with Ethereum’s coding language, positioning it for wide developer adoption.

Tempo reflects Stripe’s ambition to control more of the payment ecosystem, especially with stablecoins. The company has been building a robust tech stack to support digital currency transactions. This includes wallet software, payment integration tools, and now, its own blockchain infrastructure. Such a move positions Stripe as a competitor to both fintech and big tech companies exploring crypto.

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Stripe to build new L1 with stablecoin focus

In October, Stripe announced a $1.1 billion acquisition of stablecoin infrastructure provider Bridge. This followed its June purchase of crypto wallet developer Privy. With these moves, Stripe now controls critical infrastructure that could make stablecoin payments seamless for millions of merchants. The GENIUS Act, signed in July, has boosted interest in stablecoins, but Stripe’s swift action has put it ahead of rivals like Meta, Apple, and Airbnb.

Industry experts say launching a layer 1 blockchain gives Stripe more control over transaction speeds, costs, and user experience. Ethereum compatibility ensures that developers can easily port applications, giving Tempo a head start in adoption. Still, building a new blockchain from scratch is a complex and competitive endeavor.

Ethereum compatibility could accelerate adoption

If successful, Tempo could make Stripe the default choice for stablecoin-powered payments globally. It would also open new opportunities in emerging markets where traditional banking is limited. With its payments expertise, strategic acquisitions, and now blockchain ambitions, Stripe could redefine the role of fintech in the Web3 economy.

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What is Stripe’s Tempo project?

Tempo is a new layer 1 blockchain being developed by Stripe in partnership with Paradigm. It will focus on high-performance payment processing and be compatible with Ethereum’s coding language. This compatibility will make it easier for developers to build or migrate applications to Tempo, increasing its potential adoption. The project is currently in stealth mode and operated by a small team. Tempo is part of Stripe’s broader push into the stablecoin and blockchain space, complementing its recent acquisitions of Bridge and Privy.

Why is Stripe building its own layer 1 blockchain?

By building its own layer 1 blockchain, Stripe gains full control over transaction speed, cost efficiency, and integration with its payment products. This approach allows the company to bypass limitations of existing networks while creating a tailored infrastructure for stablecoin payments. It also positions Stripe as a direct competitor to fintechs and tech giants exploring blockchain solutions. Owning the core blockchain technology could strengthen its dominance in digital payments globally.

How do Bridge and Privy fit into Stripe’s blockchain strategy?

Bridge provides stablecoin infrastructure that can connect fiat and crypto payments seamlessly, while Privy develops secure crypto wallet technology. Together, these acquisitions give Stripe the critical building blocks for a complete blockchain-powered payment ecosystem. Integrating these tools into its network will enable Stripe to offer merchants stablecoin transactions with minimal friction. Tempo’s launch would complete this stack, providing the blockchain backbone for these services.

What impact could Tempo have on the global payments industry?

Tempo could significantly lower payment costs, especially for cross-border transactions, and improve transaction speeds compared to traditional systems. For merchants, this means quicker settlement times and fewer intermediaries. In emerging markets with limited banking access, Tempo could make stablecoin transactions accessible to millions. Its Ethereum compatibility would also allow it to tap into the existing developer community quickly, accelerating adoption. If successful, Tempo could shift the competitive landscape for both fintech and tech companies in the payments space.

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