Tempo, co-founded by Stripe and Paradigm, wants to bring real-world payments onto its blockchain. The feature will allow faster and cheaper payouts by DoorDash, which processes payments between consumers, merchants and delivery workers across more than 40 countries, the company said.
Tempo, led by CEO Matt Huang, last year raised $500 million at a $5 billion valuation. It is one of the blockchains that’s competing for stablecoin payment volumes. Circle, the issuer of USDC, last year also launched a stablecoin-focused blockchain called Arc.
