He shared his comments in a Hacker News thread dedicated to the launch of Tempo, a Layer-1 blockchain developed by Stripe in collaboration with Paradigm, designed specifically for stablecoins and real-world payments.

The project’s initial partners include Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa, and several other companies.

According to Collison, Stripe had long been disappointed with the usefulness of crypto payments over the past decade. That view has shifted in recent years, as more companies began to find real benefits in using stablecoins for financial operations.

“For example, Bridge (a stablecoin infrastructure platform acquired by Stripe) is used by SpaceX to manage finances in hard-to-reach markets. Another major client, DolarApp, provides banking services to customers in Latin America. We are now adding stablecoin functionality to the Stripe dashboard, and the first user is an Argentine bicycle importer struggling with supplier transactions,” Collison noted.

He emphasized that these companies are not using crypto for speculative purposes but for real financial activity. Collison highlighted five main reasons why businesses prefer stablecoins:

  • near-instant settlements

  • lower costs compared to traditional payment rails

  • high reliability of cross-border transfers

  • reduced need for currency conversions

  • direct on-chain access to US dollars

Regarding Tempo’s role, Collison compared the blockchain to bank messaging systems like SWIFT or ACH, stressing that the platform is not intended for end-user interaction.

According to the announcement, the EVM-compatible network can process over 100,000 transactions per second. It is designed to support payroll, remittances, tokenized deposits, microtransactions, and agency payments.