Top Crypto VC Matt Huang to lead the Blockchain Stripe as CEO, stay in Paradigm

Huang will remain in his role in Paradigm, according to one of the sources, which, like others, was not authorized to speak publicly.

The spokesperson for the model and the tape refused to comment on the Huang’s decision or the Blockchain project.

Stripe is a private company worth 91.5 billion dollars, and it is a pioneering company in the payment area and represents one of the most famous companies in the field of technology that is highly betting on the encryption industry. Over the past year, it made a great acquisition of Stablecoin Bridge The coding portfolio provider private. By launching its Blockchain, Stripe seeks to obtain a full ownership of the Tech stack that operates the prosperous Stablecoin.

It was influenced by Huang, a former Sikoya partner, along with Coinbase Founder Farid Erdam, Paradigm is a pioneer in the coding project space. As of 2024, it is king 12.7 billion dollars of management assets and supported some of the best industry projects, including uniswap, KALSHI, and Crypto Infrastructure Fireblocks.

Through his role in the Stripe Board of Directors, Huang has long been a close partner for Fintech, but his decision led by the new Blockchain is a great bet on the future Stripe dominance in the crowded Stablecoin scenery. According to the hadith Publishing jobTEMPO will be a high -performance protocol specializing in payments.

The rhythm will be the so-called Layer-1, which means that it has not been built over Blockchain ethereum Or the other initial series, and you will be able to operate the code compatible with ETHEREUM, according to four sources familiar with the project. The timing of the launch is unknown, and it is not clear now whether Blockchain will have its own distinctive symbol.

Huang’s move will definitely raise the eyebrows from those in the field of adventure who are wondering whether the adventurous investor can balance his roles as a software leader and CEO of Blockchain in one of the leading Fintech companies.

Erdam, the founder of Huang, stepped down from his role as an administrative partner in 2023 to focus more on paying the start of the brain interface, although it is still as a general partner. model Declare A third fund worth $ 850 million in 2024.

However, Paradigm has a legacy in embracing its own projects similar to Tempo, including FoundBox Toolbox Ethereum and Bot Crypto Bot Open Source. But with the best encryption players, including Circle, who announce their Blockchains, the Huang step to lead the latest company reflects the rising competition in encryption payments.

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