DoorDash and a group of fintechs are adding stablecoins to their live payment flows with Tempo, the Stripe-led blockchain, the latest sign that blockchain-based money is entering mainstream financial infrastructure.
Payments-focused blockchain Tempo, developed by Stripe and venture firm Paradigm, said in a blog post on Tuesday that companies such as DoorDash, Stripe, Coastal Bank and Latin American fintech ARQ are now running or preparing to run parts of their payment operations on stablecoin rails.
DoorDash, which operates in more than 40 countries and generated nearly $75 billion in sales for local merchants last year, is working with Tempo to roll out stablecoin-powered payments for merchants, starting with cross-border flows where settlement speed and cost are most important.
“There is real promise with stablecoins transforming financial infrastructure,” DoorDash co-founder Andy Fang said in a statement.
A Paradigm spokesperson declined to reveal the exact timing of stablecoin payments on DoorDash.
Meanwhile, Stripe is using Tempo as a core layer for its money movement products, allowing businesses to send, receive, and hold stablecoins alongside traditional currencies. The goal is to make global payments “fast, cheap and borderless,” said Neetika Bansal, director of Connect and money management at Stripe.
Assets of 300 billion dollars
The news comes as stablecoins and blockchains are increasingly becoming part of global money flows.
Stablecoins are a $300 billion class of cryptoassets with prices tied to fiat currencies and promise a cheaper and faster alternative to traditional banking avenues for cross-border transactions.
Stripe, a global payments company that processes nearly $2 trillion in annual payments, has made blockchain and stablecoins central to its ambitions. The company acquired stablecoin infrastructure company Bridge for $1.1 billion in 2024 and later purchased crypto wallet provider Privy.
It also partnered with cryptocurrency investment firm Paradigm to develop a payments-focused blockchain called Tempo, which went live last month with infrastructure partners including Mastercard, UBS, Klarna and Visa. The chain was designed specifically for payments workloads, with features such as sub-second settlement, fixed fees, and private transaction channels aimed at enterprise users. This contrasts with general-purpose blockchains, which often face congestion and unpredictable costs.
To help businesses adopt the technology, Tempo said Tuesday that it is also launching a stablecoin advisory service to offer practical support to businesses looking to move payment flows on-chain.
Read more: Stripe doubles down on blockchain and stablecoins, with the goal of becoming “AWS for money”
