DoorDash and several fintech companies are integrating stablecoins into their payment systems using Tempo, a blockchain platform developed by Stripe and Paradigm, marking a significant step towards mainstream adoption of blockchain-based financial infrastructure. Tempo, a payments-focused blockchain, has announced that companies such as DoorDash, Stripe, Coastal Bank, and Latin American fintech ARQ are now using or planning to use its stablecoin-based payment rails. 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, initially focusing on cross-border transactions where settlement speed and cost are crucial.
"Stablecoins have the potential to transform financial infrastructure," said DoorDash co-founder Andy Fang. A Paradigm spokesperson did not disclose the exact timeline for the launch of stablecoin payments on DoorDash. Meanwhile, Stripe is utilizing Tempo as a core component of its money movement products, enabling businesses to send, receive, and hold stablecoins alongside traditional currencies, with the goal of making global payments 'fast, cheap, and borderless,' according to Neetika Bansal, Stripe's head of Connect and money management. The development comes as stablecoins and blockchain-based payment systems are increasingly becoming part of global money flows, with stablecoins being a $300 billion crypto asset class that offers a cheaper and faster alternative to traditional banking systems for cross-border transactions.
Stripe, which processes nearly $2 trillion in annual payments, has made blockchain and stablecoins a key part of its strategy, having acquired stablecoin infrastructure firm Bridge for $1.1 billion in 2024 and crypto wallet provider Privy. The company has also partnered with crypto investment firm Paradigm to develop Tempo, a payments-focused blockchain that went live last month with infrastructure partners such as Mastercard, UBS, Klarna, and Visa. Tempo has been designed specifically for payment workloads, featuring sub-second settlement, fixed fees, and private transaction channels aimed at enterprise users, unlike general-purpose blockchains that often face congestion and unpredictable costs. To support companies in adopting the technology, Tempo has also launched a Stablecoin Advisory service to provide hands-on support for firms looking to move their payment flows to the blockchain.