Paradigm | Crypto

Tempo leads an investment round in startup Commonware to advance blockchain infrastructure for real-world payments. Crypto infrastructure startup Commonware has raised $25 million in a funding round led by Tempo, a payments-focused blockchain network, underscoring a renewed effort to scale blockchain-based payment systems. The deal, first reported by Fortune on Friday, is notable because Tempo was launched in September by fintech giant Stripe and crypto venture firm Paradigm. Commonware said other investors participated in the round but declined to name them. Commonware develops open-source software that allows other companies to build and deploy their own blockchains, supporting the growing ecosystem of payment-oriented Web3 infrastructure. Read more

The main goal of VCs is to "suck as much value as possible” from Ethereum, but they remain necessary bridges for global capital entering the crypto industry, according to Lubin. Ethereum co-founder and Consensys founder Joseph Lubin highlighted the importance of venture capital (VC) funding for the development of the world's largest smart contract network, despite growing industry concerns over the influence of investment funds on Ethereum. The main goal of VCs like Paradigm is to "suck as much value as possible from the Ethereum and broader ecosystem," while their secondary goals include "progressing the systems towards rigorous decentralization," wrote Lubin in a Monday X post, adding that there is “no reason for concern.” Lubin's comments come shortly after the departure of two key Ethereum researchers, which caused renewed concerns over the potential influence of centralized funds over Ethereum’s development. Read more

Stripe and Paradigm unveiled Tempo, a layer-1 blockchain designed for stablecoin payments. A Sept. 4 announcement from Paradigm founder Matt Huang validates speculation that began when Stripe posted and quickly deleted blockchain engineering job listings in August. Private testnet phase Tempo operates in a private testnet with select partners testing cross-border payouts, B2B payments, and […] The post Stripe and Paradigm reveal Tempo layer-1 blockchain for stablecoin payments infrastructure appeared first on CryptoSlate.

Agora, founded by Nick van Eck, aims to boost adoption of its white-label stablecoin platform with $50 million from Paradigm and Dragonfly. Stablecoin issuer Agora raised $50 million in a Series A funding round led by crypto venture firm Paradigm. The investment sets the stage for Agora to expand its white-label stablecoin offering, AUSD, amid growing interest in dollar-backed digital assets. Agora enables companies to launch their own branded stablecoins using AUSD’s underlying infrastructure, benefiting from shared liquidity and interoperability. The project is founded by Nick van Eck, son of VanEck CEO Jan van Eck, alongside crypto veterans Drake Evans and Joe McGrady. “What we wanted to do is really something novel, which is start by building the network,” van Eck told Fortune. “We always had the view that we were going to do white-labeled issuance in a different way to how existing peers had done it.” Read more