Stripe Makes Power Move: Paradigm’s Matt Huang to Spearhead Bold New Blockchain Venture ‘Tempo’

Stripe just placed a billion-dollar bet on crypto’s future—and they’re bringing in heavyweight Matt Huang to execute it.

The payments giant tapped Paradigm’s co-founder to lead ‘Tempo,’ its secretive new blockchain division. Huang’s track record speaks for itself: from early Coinbase backer to architect of Paradigm’s $2.5B crypto war chest.

Why this matters: Stripe’s re-entry into crypto isn’t just a toe-dip—it’s a cannonball. After quietly shelving Bitcoin support in 2018, they’ve been circling blockchain like a Wall Street shark smelling blood in water.

The cynical take: Nothing cures cold feet like watching competitors print money with blockchain-as-a-service platforms. But with Huang calling plays, Tempo might actually deliver more than buzzword bingo.

Bottom line: When the guy who helped build crypto’s most elite investment firm jumps ship to your project, the market pays attention. Even if 90% of ‘enterprise blockchain’ remains vaporware.