DoorDash Partners with Stripe-Backed Tempo to Introduce Stablecoin Payments

DoorDash and several fintech companies are integrating stablecoins into their payment systems using Tempo, a payments-focused blockchain developed by Stripe and Paradigm. This move marks a significant step towards the mainstream adoption of blockchain-based financial infrastructure. Tempo has announced that companies such as DoorDash, Stripe, Coastal Bank, and Latin American fintech ARQ are now using or preparing to use stablecoin rails for parts of their payment operations. DoorDash, which operates in over 40 countries and generated nearly $75 billion in sales for local merchants last year, is working with Tempo to introduce stablecoin-powered payouts for merchants, starting with cross-border transactions where settlement speed and cost are crucial. According to DoorDash co-founder Andy Fang, 'stablecoins have the potential to transform financial infrastructure.' Although the exact timing of the rollout of stablecoin payments at DoorDash has not been disclosed, Stripe is using Tempo as a core layer for its money movement products, enabling businesses to send, receive, and hold stablecoins alongside traditional currencies. The goal is to make global payments 'fast, cheap, and borderless,' as stated by Neetika Bansal, Stripe's head of Connect and money management. With stablecoins being a $300 billion crypto asset class, Stripe has made blockchain and stablecoins a central part of its ambitions, having acquired stablecoin infrastructure firm Bridge for $1.1 billion in 2024 and crypto wallet provider Privy. The company has also developed Tempo, a payments-focused blockchain, in partnership with crypto investment firm Paradigm. Tempo was designed specifically for payment workloads, featuring sub-second settlement, fixed fees, and private transaction channels aimed at enterprise users. To support companies in adopting this technology, Tempo is launching a Stablecoin Advisory service to provide hands-on support for firms looking to move their payment flows to blockchain.