# Stripe Is Building an EVM-Compatible Layer-1 for Payments

*Author: Bankless*
*Published: Aug 12, 2025*
*Source: https://www.bankless.com/read/stripe-is-building-an-evm-compatible-layer-1-for-payments*

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Stripe and Paradigm partnered to build an EVM-compatible, high-performance blockchain called Tempo—designed from scratch to deliver ultra-fast, low-cost payments worldwide.

### What’s the Scoop?
- **New Blockchain Coming:** The "Tempo" project is a stealth Layer‑1 blockchain being built for payments, not by forking another chain, but from the ground up.
- **EVM Compatible:** It’s fully compatible with Ethereum tooling, making it easier for developers to plug in DeFi, wallets, and more.
- **Paradigm Plays a Role:** Paradigm's co-founder, Matt Huang, is directly involved and joined Stripe’s board to help steer development.
- **Follow-Up to Acquisitions:** This move builds on Stripe’s recent push into crypto: it bought stablecoin infrastructure provider Bridge for $1.1B and wallet provider Privy earlier this year.
- **Big Picture Aim:** Tempo could merge Stripe’s payment network with blockchain speed—aimed at disrupting older systems like SWIFT and making stablecoin rails mainstream.