Stripe Enlists A Who’s Who, Including Anthropic, Openai, And Paradigm, To Build A New Blockchain

In Brief

Stripe is backing a caller blockchain institution called Tempo, co-founder CEO Patrick Collison announced connected Thursday. Tempo is aimed astatine high-volume processing of stablecoins — coins that thief trim crypto’s notorious volatility because they are pegged to a unchangeable plus for illustration nan U.S. dollar. That’s not astonishing fixed that Stripe acquired stablecoin institution Bridge.

What is astonishing is nan eye-popping database of companies Stripe has already enlisted: Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, and Visa. So if nan blockchain useful well, these creation partners should beryllium queued up to usage aliases connection it for everything from agentic payments to remittances.

Plus, Stripe committee personnel Matt Huang, co-founder of 1 of nan astir prestigious crypto VC firms, Paradigm, has signed connected to lead Tempo. Paradigm has besides invested. Collison says Tempo will beryllium tally arsenic an independent company.

Subscribe for nan industry’s biggest tech news