DoorDash (DASH) Partners With Tempo to Launch Stablecoin Merchant Payments

TLDR

• DoorDash is partnering with Tempo, a blockchain built by Stripe and Paradigm, to bring stablecoin payouts to merchants and drivers across its global network.
• Stripe, Coastal Bank, and Latin American fintech ARQ are also moving payment operations onto Tempo’s stablecoin rails.
• Tempo raised $500 million at a $5 billion valuation before its March 2026 launch, with partners including Visa, Mastercard, Klarna, and UBS.
• Stablecoin transaction volumes hit $33 trillion in 2025, up 72% year-on-year, driven largely by B2B settlements.
• The move comes after the US GENIUS Act was signed into law, giving corporate treasury teams a regulatory framework for using digital dollars.

DoorDash is tapping Tempo, the payments blockchain backed by Stripe and venture firm Paradigm, to roll out stablecoin-powered payouts across its global marketplace. The company operates in more than 40 countries and processed nearly $75 billion in merchant sales last year.

The partnership focuses first on cross-border flows, where settlement speed and cost create the most friction under traditional banking rails.

Tempo went live in March 2026 after raising $500 million at a $5 billion valuation in October 2025. Its partner list includes Visa, Mastercard, Fifth Third Bank, Klarna, UBS, Stripe, and Howard Hughes Holdings.

DoorDash, Inc., DASH

The chain was built specifically for payment workloads. Features include sub-second settlement, fixed fees, and private transaction channels — designed to avoid the congestion and unpredictable costs seen on general-purpose blockchains.

How Stripe Is Betting on Stablecoins

Stripe is using Tempo as a core layer for its own money movement products, letting businesses send, receive, and hold stablecoins alongside traditional currencies. Stripe processes nearly $2 trillion in annual payment flows.

The company has been building out its stablecoin stack aggressively. It acquired stablecoin infrastructure firm Bridge for $1.1 billion in 2024, then bought crypto wallet provider Privy. The Tempo blockchain is the next piece of that puzzle.

Alongside the DoorDash news, Tempo announced a Stablecoin Advisory service to help companies identify use cases and integrate stablecoin payments into existing operations.

ARQ, a Latin American financial services platform serving more than two million customers across Mexico, Colombia, Argentina, and Brazil, is already processing more than $10 billion in annualized volume through Tempo.

Stablecoin Market Context

The total stablecoin market cap has reached roughly $315 billion as of April 2026, up from $300 billion earlier in the year, following inflows tied to new US legislation.

Stablecoin transaction volumes hit $33 trillion in 2025, driven by a 72% year-on-year jump in B2B settlements.

The US GENIUS Act, now signed into law, gave corporate treasury departments a clearer regulatory path to using digital dollars — a hurdle that had previously kept many large companies on the sidelines.

Meta, X, and Google have all explored stablecoin integrations. DoorDash’s move puts it among the first major consumer platforms to go live with stablecoin infrastructure in its payment operations.

Tempo’s Stablecoin Advisory service launched Tuesday alongside the DoorDash partnership announcement.

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