Stripe’s new payments-focused blockchain, Tempo, secured $500 million in Series A funding led by Thrive Capital and Greenoaks, valuing the Layer-1 network at $5 billion, according to Fortune. The raise comes less than two months after Stripe unveiled Tempo in partnership with Paradigm, positioning it as a “payments-oriented L1” optimized for high-scale, real-world financial applications like stablecoin payments and cross-border settlements.