Dan Romero, co-founder of decentralized social protocol Farcaster and former Coinbase govt, is becoming a member of Tempo, a layer 1 blockchain targeted on stablecoin funds.
I'm excited to announce that I'm becoming a member of @tempo!
Stablecoins are a generational alternative, and we're excited to work with @matthuang, @gakonst, and the remainder of the staff to carry stablecoins to the mainstream.
— Dan Romero (@dwr) February 9, 2026
This information comes after Farcaster was offered to Web3 infrastructure firm Neynar in late January 2026. The acquisition brings over Farcaster's codebase, apps, sensible contracts, and AI mission Clanker.
Tempo, based by fee processing firm Stripe and crypto enterprise Paradigm, secured $500 million in Sequence A funding at a $5 billion valuation in October 2025, with Greenoaks and Thrive Capital main the spherical.
With Mr. Romero's appointment, the corporate continued its fast enlargement, with the variety of workers growing from 15 in September 2025 to 40 to 50 by November of the identical 12 months.
Tempo launched a personal testnet in September 2025 focusing on enterprise functions corresponding to cross-border remittances, payroll processing, and microtransactions.
The corporate counts OpenAI, Visa, and Shopify as design companions because it builds an infrastructure aimed toward competing with established stablecoin issuers.
Stripe, valued at greater than $90 billion, has pursued an aggressive stablecoin technique, together with buying Bridge for $1.1 billion and buying pockets supplier Privy.
Paradigm, led by Matt Huang, has established itself as a number one supporter of blockchain infrastructure tasks aiming for institutional adoption.
