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Story summary
- Tempo, Stripe's blockchain project, raised $500 million in a Series-A led by Greenoaks and Thrive Capital, valuing Tempo at $5 billion.
- Funding backs a blockchain optimized for stablecoin transactions, competing with Circle and Tether.
- Tempo will remain stablecoin agnostic and allow various tokens for transaction fees.
- Launch date remains uncertain, and there are no plans for a native Tempo token.
