Tempo Blockchain, a subsidiary of Stripe, has completed a $500 million financing round, reaching a valuation of $5 billion.

The blockchain project Tempo, incubated by payment giant Stripe, successfully completed its Series A funding, raising $500 million and achieving a valuation of $5 billion.
This round of financing was led by Greenoaks and Thrive Capital, with participation from well-known investment institutions such as Ribbit Capital, Sequoia Capital, and Ron Conway's SC Angel. Tempo is the result of a collaboration between Stripe and top crypto venture capital firm Paradigm, designed as a Layer-1 blockchain focused on payment scenarios, with the core goal of empowering stablecoin payments and significantly improving the efficiency of the global payment system.
Tempo's launch comes at a time when competition in the stablecoin sector is intensifying, as it joins the ranks of Layer-1 blockchains focused on stablecoins, including Circle's Arc and Tether's Plasma. The project is seen as a significant bet by Stripe on the future potential of dollar stablecoins, believing they will play a key role in the global payment system. To achieve this goal, Tempo has collaborated with global industry leaders such as Deutsche Bank, OpenAI, Standard Chartered, and Revolut in a joint design effort. #加密市场观察