Dan Romero, co-founder of decentralized social protocol Farcaster and former Coinbase executive, is joining Tempo, a layer 1 blockchain focused on stablecoin payments.
I’m excited to announce that I’m joining @tempo!
Stablecoins are a generational opportunity, and we’re excited to work with @matthuang, @gakonst, and the rest of the team to bring stablecoins to the mainstream.
— Dan Romero (@dwr) February 9, 2026
This news comes after Farcaster was sold to Web3 infrastructure company Neynar in late January 2026. The acquisition brings over Farcaster’s codebase, apps, smart contracts, and AI project Clanker.
Tempo, founded by payment processing company Stripe and crypto venture Paradigm, secured $500 million in Series A funding at a $5 billion valuation in October 2025, with Greenoaks and Thrive Capital leading the round.
With Mr. Romero’s appointment, the company continued its rapid expansion, with the number of employees increasing from 15 in September 2025 to 40 to 50 by November of the same year.
Tempo launched a private testnet in September 2025 targeting enterprise applications such as cross-border remittances, payroll processing, and microtransactions.
The company counts OpenAI, Visa, and Shopify as design partners as it builds an infrastructure aimed at competing with established stablecoin issuers.
Stripe, valued at more than $90 billion, has pursued an aggressive stablecoin strategy, including acquiring Bridge for $1.1 billion and acquiring wallet provider Privy.
Paradigm, led by Matt Huang, has established itself as a leading supporter of blockchain infrastructure projects aiming for institutional adoption.
