What is Tempo?

“Tempo is a payments-first Layer 1 blockchain incubated by Stripe and Paradigm, purpose-built for stablecoin payments at scale. It gives businesses and developers a stablecoin-native settlement layer for global payments, including cross-border payments, global payouts, embedded finance, and machine-to-machine payments. Tempo provides high throughput, near-instant onchain settlement, and sub-cent fees for standard stablecoin transfers.”