The posting goes on to say that Tempo is in stealth, has a team of five, and is being built in partnership with Paradigm—a crypto venture capital firm whose cofounder and managing partner, Matt Huang, is on the board of Stripe. Applicants for the marketing position should have “experience marketing to a Fortune 500 audience,” per the ad.
The blockchain is a layer 1, or not built on top of other protocols, and it’s compatible with the coding language used on the blockchain Ethereum, according to four sources briefed on the matter. All sources requested anonymity to talk about private business conversations.
Spokespeople for Stripe and Paradigm declined to comment. The job posting was taken down after Fortune reached out to both companies.
Stripe’s crypto shopping spree comes amid a rush of interest in stablecoins, or cryptocurrencies pegged to underlying assets like the U.S. dollar. Boosters say the crypto assets are a more effective payment technology than legacy financial infrastructure like SWIFT or wires. They also argue that the technology can reduce cross-border payment costs as well as cut down on transaction fees, among other benefits.
Stripe’s acquisitions of Bridge gives the fintech ownership of a platform that helps companies integrate stablecoins into their payment flows and issue their own. And its purchase of Privy gives it the ability to build out crypto wallets for customers to help them manage their holdings. A new blockchain would allow it to control another layer in the stablecoin tech stack—the servers that process stablecoin transactions.
Stripe hasn’t publicly stated its reasons for building a blockchain . It also hasn’t said it intends to issue a cryptocurrency to support it—a common move for founders of a new crypto protocol.
Update, August 11, 2025: Added in that the job posting had since been taken down after Fortune reached out to Stripe and Paradigm for comment.
