DoorDash and a group of fintechs are moving stablecoins into their live payment flows with Stripe-led blockchain Tempo, the latest sign that blockchain-based money is entering mainstream financial infrastructure.
Payments-focused blockchain Tempo, developed by Stripe and venture firm Paradigm, said Tuesday in a blog post that companies including 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 payouts for merchants, starting with cross-border flows where settlement speed and cost matter most.
“There’s real promise with stablecoins transforming financial infrastructure,” DoorDash co-founder Andy Fang said in a statement.
A Paradigm spokesperson declined to disclose the exact timing of when stablecoin payments will go live at DoorDash.
Stripe, meanwhile, 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, Stripe’s head of Connect and money management.
$300 billion asset
The news comes as stablecoins and blockchain rails are increasingly becoming part of global money flows.
Stablecoins are a $300 billion crypto asset class with prices tied to fiat currencies and promise a cheaper, faster alternative to traditional banking rails for cross-border transactions.
Stripe, a global payments firm that processes nearly $2 trillion in annual payments, has made blockchain and stablecoins central to its ambitions. The company acquired stablecoin infrastructure firm Bridge for $1.1 billion in 2024, then bought crypto wallet provider Privy.
It also teamed up with crypto investment firm Paradigm to develop a payments-focused blockchain dubbed Tempo, which went live last month with infrastructure partners like Mastercard, UBS, Klarna and Visa. The chain was designed specifically for payment workloads, with features like sub-second settlement, fixed fees and private transaction channels aimed at enterprise users. That contrasts with general-purpose blockchains, which often face congestion and unpredictable costs.
To help companies adopt the technology, Tempo said Tuesday it is also launching a Stablecoin Advisory service to offer hands-on support for firms looking to move payment flows onchain.
Read more: Stripe doubles down on blockchain and stablecoins, aiming to become ‘AWS for money’
