PlasmaUP
L1 / Payments · Plasma L1
A Layer 1 built for stablecoin payments
- Potential
- VC
CumberlandNNomuraBBybit+5Flow Traders, Framework Ventures, 6th Man Ventures, Bitfinex/USD₮0, IMC- Raised
- $24M
Stripe & Paradigm-backed payments L1
Participation
Not currently open
Token
Not announced
Potential
Total funding
$500M
Major VCs
TThrive Capital
Greenoaks Capital
Sequoia Capital
Paradigm
Greenoaks CapitalSequoia CapitalParadigm Last verified
2026-08-03
Potential is AirdropAgent's editorial assessment and does not confirm an official distribution.
Tasks
—Check the official website and X account for currently available actions.
Funding & investors
Round
Series A
Lead
Thrive Capital / Greenoaks Capital
Investors
Thrive Capital · Greenoaks Capital · Sequoia Capital · Ribbit Capital · SV Angel
Round
—
Lead
—
Investors
Paradigm · Stripe
Overview
Tempo is a stablecoin-payments-focused Layer 1 incubated by Stripe and Paradigm. Its mainnet went live in March 2026, and major players like Visa, Stripe, Coinbase, DoorDash and MoneyGram have joined. No token has launched, and no points or airdrop programme has been confirmed.
Analysis
Backed by Stripe and Paradigm, with a reported 500M USD raise and a 5B USD valuation. Visa, Stripe and Zodia Custody run as validators, alongside exchange integrations from Coinbase, Kraken and OKX. BlackRock's BUIDL and BRSRV funds are offered as onchain yield products. However, no tokenomics, distribution plan or TGE date has been announced. There is currently nothing to farm on this project.
Token & distribution status
- Token
- Not announced
- Ticker
- Not announced
- TGE
- Not announced
- Allocation
- Not announced
Security & risks
Key risks
- No token exists yet, so there is no speculative incentive to participate.
- The validator set (Stripe, Visa, Zodia Custody) is permissioned and centralized.
- The business model depends heavily on stablecoin regulation such as the GENIUS Act.
- Reported funding and valuation figures come from press coverage; exact investor terms remain unconfirmed.
Recent moves on X
Tempo@tempo·Tokenized deposits are moving from pilots to real infrastructure. Banks face two key hurdles: upgrading internal systems and enabling interoperability with other banks. We broke down the internal designs and interbank settlement paths in our new guide. https://t.co/ruLLGRyyIg
- Tempo@tempo·
Tempo has crossed $3 billion in 30-day stablecoin transfer volume. https://t.co/c1xwCVNZhx
- Tempo@tempo·
Mercator is the last service your agent will ever need. It's an all-in-one tool router that enables multi-step agentic workflows and is empowered by MACH; a token designed for machine payments at scale. Supercharge your agents with Mercator and MACH: https://t.co/3aXPAZr2uG
Only posts about joining or distribution, shown as posted. Click through for the original.
What's next
- Mainnet went live in March 2026.
- Integration of institutional funds like BlackRock's BRSRV and BUIDL is ongoing.
- No token launch or airdrop date has been announced.
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