Striped-owned blockchain Tempo has now reportedly accomplished a Sequence A funding spherical, securing a complete funding of $500 million. The funding spherical was led by outstanding enterprise capitalist corporations Greenoaks and Joshua Kushner’s Thrive Capital, representing the rising footprint of cryptocurrency in mainstream finance and world capital markets.
Tempo’s Valuation Climbs To $5B After Funding Spherical
In a new submit on Friday, Fortune reviews that Stripe’s Tempo has recorded a profitable Sequence A funding, pushing the blockchain’s valuation to $5 billion. In early September, Stripe introduced Tempo in partnership with crypto VC Paradigm as a layer-1 blockchain designed to allow stablecoin fee and increase fee effectivity.
In Paradigm’s announcement assertion, the agency’s co-founder and managing director, Matt Huang, gave priceless insights on Tempo’s mission, saying:
We’re excited to additional crypto’s capacity to sort out real-world use circumstances, together with world funds and payroll, remittances, tokenized deposits for twenty-four/7 settlement, embedded monetary accounts, microtransactions, agentic funds, and extra.
Tempo joins an inventory of rising stablecoin-focused layer 1 blockchains, together with Circle’s Arc and Tether’s Plasma. Apparently, its launch additionally comes following the adoption of a pro-crypto coverage by US President Donald Trump, resulting in a number of constructive regulatory developments.
In July, President Trump notably signed the GENIUS Act, establishing a federally authorized framework to control the issuance and operation of stablecoins in the US.
Tempo represents Stripe’s guess on dollar-backed stablecoin’s potential to emerge as a key participant within the world fee system. The blockchain venture is collectively designed with world trade leaders, together with Deutsche Financial institution, OpenAI, Commonplace Chartered, and Revolut, amongst others.
In the meantime, alongside Greenoaks and Thrive Capital, different members on this funding spherical included Ribbit Capital, Sequoia, and Ron Conway’s SC Angel. Notably, Paradigm and Stripe made no fairness contribution to this spherical.
Stripe Presses On With Crypto Ambitions
Past its funding in Tempo, Stripe’s enlargement into crypto has accelerated in 2025. In February, the billion-dollar firm acquired stablecoin startup Bridge for $1.1 billion, adopted by a June deal to buy crypto pockets firm Privy.
With Tempo, the fee firm seems to be to realize a stronghold within the booming stablecoin market. Whereas Stripe has not disclosed plans for a local Tempo token, the corporate has beforehand acknowledged plans to stay agnostic. The corporate’s deal with blockchain fee infrastructure places it in direct competitors with established stablecoin gamers like Circle and Tether, and main blockchain networks equivalent to Ethereum, Solana, and Tron.
At press time, the overall stablecoin market cap is $316.52 billion with a each day buying and selling quantity of $238 billion.
Featured picture from MENABytes, chart from Tradingview
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