Stripe appoints Paradigm co-founder Matt Huang as the first CEO of Tempo blockchain

According to Fortune, payment giant Stripe will be led by Matt Huang, co-founder and managing partner of Paradigm, as the first CEO of its new blockchain project Tempo. Huang will also retain the Paradigm position. Tempo is positioned as a high-performance Layer-1 blockchain, focusing on the payment field and supporting compatibility with Ethereum code. Stripe recently acquired stablecoin company Bridge and wallet service provider Privy, aiming to strengthen its stablecoin business technology stack. It is not yet clear whether Tempo will issue its own tokens, and the specific launch time of the project has not been disclosed. Yesterday it was reported that Stripe has partnered with Paradigm to develop the Tempo blockchain.