Coupang may support stablecoin payments…joins blockchain payment layer 'Tempo' as a partner

Global e-commerce company Coupang may support stablecoin payments. This possibility arose as its name appeared on the list of initial partners for 'Tempo', a blockchain-based payment layer launched jointly by payment platform Stripe and blockchain investment firm Paradigm.

Tempo is a Layer 1 blockchain specialized in stablecoin payments, boasting a fast speed capable of processing 100,000 transactions per second (TPS). Its goal is to solve the slow speeds and high fee issues of existing blockchain payments and to implement blockchain payments that are as fast and inexpensive as credit cards.

Not only Coupang, but major global big tech and e-commerce players also participated in this project. OpenAI, Anthropic, and Shopify are named as partners. In particular, Coupang's joining as an initial partner of the blockchain highlights the potential for it to actually support stablecoin payments in the future.

Matt Huang, founder of Paradigm, said on his X, "An optimized infrastructure is needed in the process of stablecoin adoption," and added, "Tempo is designed for stablecoins and physical payments based on Stripe's global payments experience and Paradigm's crypto expertise."

He went on to add, "It is being developed on the principles of decentralization and neutrality, allowing anyone to issue and use it without favoring a specific stablecoin," and "the set of validators will also secure diversity and independence so that it can evolve into a permissionless model in the long term."