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00:02Stripe is backing a new blockchain company called Tempo, co-founder and CEO Patrick Collison announced Thursday.
00:08Tempo is designed for high-volume stablecoin transactions, building on Stripe's earlier acquisition of Bridge, according to TechCrunch.
00:14Stripe has already lined up an extensive list of design partners, including Anthropik, Deutsche Bank, OpenAI, Revolut, Shopify, and Visa.
00:21Stripe board member and Paradigm co-founder Matt Huang will lead Tempo, while collision-confirmed Tempo will operate independently.
00:27If successful, the platform can support users ranging from agentic payments to global remittances.
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