Tempo Blockchain Raises $500M with Support from Stripe

Funding and Valuation: Tempo has raised $500 million in a Series A funding round, achieving a valuation of $5 billion, with significant backing from investors like Thrive Capital, Greenoaks, Stripe, and Paradigm.

Focus on Stablecoins: The investment aims to enhance blockchain-based payment infrastructure, particularly for stablecoins, reflecting a growing institutional interest in blockchain technology and its potential impact on financial systems and regulatory frameworks.