Stablecoin Layer 1 project Tempo completes $500 million Series A funding, led by Thrive Capital

ChainCatcher news, the payment-focused blockchain project Tempo, supported by fintech giant Stripe and blockchain venture capital firm Paradigm, announced the completion of a $500 million Series A funding round, led by venture capital giants Greenoaks and Thrive Capital, founded by Joshua Kushner. This round of financing values Tempo at $5 billion, with participation from Sequoia Capital, Ribbit Capital, and Ron Conway's SV Angel.