Stripe and Paradigm are plotting to launch a new platform that some have likened to a “Libra that lived.” 

The chain, Tempo, aims to bring stablecoin-powered payments onchain at a scale Stripe is uniquely positioned to deliver.

The announcement came with heavyweight design partners, such as Visa, Deutsche Bank, OpenAI, Shopify, and the sketching of an architecture: not an Ethereum layer-2, but a new L1, optimized for predictable fees, sub-second finality, gas-in-stables, and 100,000+ TPS.

The Ethereum community was mostly nonplussed.

Why Tempo is an L1 — and why should we care

Paradigm’s Matt Huang laid out the case. “Tempo will be a permissionless chain. On…

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