Stripe’s going all-in on crypto right now. The payments giant just acquired the entire team behind Valora, literally one day after launching the public testnet for Tempo, their new stablecoin blockchain. That’s aggressive timing.
Valora CEO Jackie Bona confirmed the whole team’s joining Stripe to work on blockchain initiatives. Valora started in 2021 after spinning out from Celo developer cLabs and raised $20 million to build a mobile app for storing and transacting stablecoins across multiple chains like Ethereum, Base, Optimism, and Arbitrum.
The app itself will keep running, but long-term development goes back to cLabs. This is about talent, not technology. Bona said both companies believe stablecoins can expand access to the global economy, and joining Stripe lets them work at a massive scale.
Tempo’s a big deal too. It’s a high-performance layer-1 chain built with Paradigm that makes it super easy for developers to spin up stablecoins right in the browser with minimal technical overhead.
Meanwhile, tokenization platform Securitize hired Jerome Roche, a former PayPal exec who helped launch the PYUSD stablecoin. He’s now their general counsel. Securitize’s CEO Carlos Domingo pushed back against the idea that tokenized securities work better overseas, saying they’re proving it works perfectly fine in the US under existing SEC frameworks.
Conclusion
Stripe’s Valora acquisition and Securitize’s strategic hiring signal accelerating institutional momentum toward stablecoin infrastructure and tokenized securities as blockchain-based financial rails mature within established regulatory frameworks domestically and internationally.
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