Tempo, a blockchain for stablecoin cost processing, simply concluded a $500 million fundraising spherical. With TradFi assist, this Stripe subsidiary may quickly turn into a serious participant within the sector.
Though analysts puzzled if Tempo may disrupt Ethereum, a veteran developer introduced that he’s becoming a member of the agency at this time. If Tempo retains rising, it could play a complementary function to current infrastructure.
Tempo’s Profitable Fundraising
Stripe, a world-famous funds processor, has been constructing its stablecoin market presence for a number of months. Simply yesterday, the agency even expanded its native assist for these belongings, enabling subscription funds.
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Immediately, nevertheless, one in all its subsidiaries, Tempo, made historical past with an enormous fundraising spherical.
In response to a brand new report, Tempo simply concluded a Sequence A fundraising spherical with $500 million in funding. This raises the blockchain developer’s valuation to $5 billion, making this one of many highest valued blockchain enterprise rounds in a number of years.
As an added bonus, a veteran Ethereum Basis developer selected this fundraising spherical to announce his swap to Tempo. Though Dankrad Feist has labored on Ethereum since 2018, he claimed that this startup may usher in actual change to crypto:
I’m excited to announce that I will probably be becoming a member of Tempo. This final yr has been a turning level for crypto, the place now we have lastly seen the outlines of our imaginative and prescient being materialized. Whereas funds was entrance and middle within the early days of crypto, I see a particular alternative…
— Dankrad Feist (@dankrad) October 17, 2025
Might This Disrupt Crypto?
Feist even claimed that Tempo’s work will complement Ethereum’s imaginative and prescient in the long term. Though some analysts believed that Tempo would compete with ETH when the agency launched final month, Feist apparently doesn’t agree. Contemplating his lengthy historical past with the blockchain, he looks like a good authority on the topic.
In any case, this funding spherical additionally represents TradFi’s rising dedication to stablecoins. Stripe and Paradigm, Tempo’s creators, didn’t truly contribute to latest fundraising, however many new companions did. These embody Greenoaks, Sequoia, and a number of other different VC corporations. Specifically, Jared Kushner’s Thrive Capital performed a number one function.
Tempo is remaining impartial relating to its potential contributions to the stablecoin sector. Though it seeks to disrupt current stablecoin issuers’ market presence, Tempo hasn’t introduced plans to launch its personal token.
To this point, its cost processing blockchain is ready to be appropriate with a number of third-party tokens.
Nonetheless, if the agency modifications these insurance policies, it may have a big affect. Tempo’s fundraising spherical reveals that it has a number of TradFi assist and will turn into a distinguished presence within the house.
