Stripe and Paradigm Launch Tempo Mainnet

Stripe and Paradigm launched the mainnet for Tempo, their payments-focused blockchain, on Wednesday, marking a major step toward enabling high-volume stablecoin transactions at scale. The network, designed specifically for cross-border payments and enterprise commerce, integrates real-time pricing data and introduces an open protocol for automated machine-to-machine transfers.

Tempo aims to streamline global payment flows by processing stablecoin transactions with low fees, instant finality, and throughput capable of handling tens of thousands of transactions per second. Unlike many blockchains, it does not use a native token for gas fees; instead, users settle costs in major stablecoins through an integrated automated market maker under the TIP20 standard. This approach seeks to eliminate user-facing costs while maintaining network security. The chain is EVM-compatible, allowing developers to build using familiar Ethereum tools, and complies with the ISO 20022 financial messaging standard to ease integration with traditional banking systems.

Prior to the mainnet activation, Tempo completed a public testnet in December, where partners including Mastercard, Visa, UBS, Klarna, and...