Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Stablecoin L1 Tempo completes $500 million Series A funding round, led by Greenoaks and Thrive Capital

Stablecoin L1 Tempo completes $500 million Series A funding round, led by Greenoaks and Thrive Capital

BlockBeatsBlockBeats2025/10/17 17:02
Show original

BlockBeats News, October 18, according to Fortune, Tempo, a payment-focused stablecoin Layer 1 blockchain developed by fintech giant Stripe and Paradigm, has completed a $500 million Series A funding round, led by venture capital giants Greenoaks and Joshua Kushner's Thrive Capital.


This round values Tempo at $5 billion, making it one of the highest-valued blockchain venture investments in recent years. According to a source familiar with the matter, Sequoia Capital, Ribbit Capital, and Ron Conway's SV Angel also participated in this round. Paradigm and Stripe did not participate in this round. The Tempo blockchain (with design partners including OpenAI, Shopify, and Visa) is primarily designed for stablecoins, representing a bet that US dollar-backed cryptocurrencies will become the new global payment infrastructure layer.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!