Stripe CEO Patrick Collison says the reason companies are increasingly using stablecoins is practical: faster, cheaper and more reliable money movement than many legacy systems.
Collison’s comments came in a Hacker News thread on Sept. 5, 2025, one day after Stripe and Paradigm unveiled Tempo, a blockchain built specifically for stablecoin payments. He framed the shift as business-driven, not speculative — firms are adopting stablecoins to solve operational frictions in high-volume payments.
Collison highlighted Stripe’s 2024 acquisition of Bridge and real-world use cases: SpaceX routing funds to hard-to-reach markets, Latin American fintech DolarApp using stablecoins as a banking layer, and an Argentinian importer paying suppliers through Stripe’s dashboard. He listed five concrete advantages companies find appealing: near-instant settlement that frees trapped liquidity, lower fees than card rails, more reliable cross-border transfers, reduced currency conversions, and direct on-chain access to U.S. dollars.
Tempo is described as a “payments-first” chain emphasizing predictable low fees, optional privacy, and the ability to pay both transactions and gas in any stablecoin. It offers a dedicated payments lane (memos, access lists), is EVM-compatible (Reth client), and is engineered for >100,000 tx/sec with sub-second finality. Governance aims for a neutral, independently secured validator set with a path to permissionless validation. Early partners include Visa, Standard Chartered, Nubank, Shopify, OpenAI and others.
Risk note: Tempo and similar infrastructure can materially reduce payment frictions, but new networks carry operational, smart-contract and regulatory risks. Stablecoins are now explicitly regulated in major jurisdictions (U.S. GENIUS Act, EU MiCA), yet enterprises should weigh custody, compliance and counterparty controls before moving large volumes on-chain.
Source: CoinDesk. Read the original coverage for full details.