Stripe-backed L1 Tempo raises $500M in new funding round

Tempo, a specialized blockchain startup originating from Stripe, has successfully raised $500 million in a new funding round co-led by Thrive Capital and Greenoaks. This L1 blockchain is specifically designed to improve the efficiency of global payments within Stripe's ecosystem, featuring optimization for high throughput and low latency, and supporting stablecoins and related tools like Bridge and Privy. Tempo is actively working to integrate with other payment protocols, such as Agora, to enhance connectivity across the broader blockchain payments space. Thrive Capital's continued investment underscores a focus on long-term technological shifts in enterprise operations and payments.

(Source：Crypto Briefing)