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DoorDash<\/a> will begin offering stablecoin payments for its delivery workers and merchants.<\/p>\n It\u2019s part of a series of partnerships announced<\/a> Tuesday (April 21) by the payments-centric blockchain Tempo<\/a>, which said companies including DoorDash, Coastal Bank<\/a>, Latin America-focused fintech ARQ<\/a> and Tempo parent Stripe<\/a> are either running or getting ready to run portions of their payment operations on stablecoin rails<\/a>.<\/p>\n In the case of DoorDash, Tempo wrote on its blog<\/a> that the partnership helps the delivery app navigate its \u201cthree-sided marketplace\u201d involving consumers, merchants and delivery workers. Each of these parties may have different payout timing, currency and compliance requirements.<\/p>\n \u201cNow multiply that across more than 40 countries. Each market has different payment rails, FX dynamics, settlement timelines, and regulatory requirements,\u201d the blog post said. \u201cA payout flow that works in Atlanta does not apply in Helsinki. The logistics of getting a Dasher paid in one country look nothing like the logistics in another.\u201d<\/p>\n According to Tempo, the partnership focuses on three areas where it says stablecoins improve on traditional payment rails: payout speed, cross-border payment costs<\/a>\u00a0and allowing transactions to conclude with less friction and in fewer steps.<\/p>\n \u201cIf we can get merchants and Dashers their money faster, and do that in a way that\u2019s affordable for them, that\u2019s a no-brainer for the entire ecosystem,\u201d said Andy Fang<\/a>, DoorDash\u2019s co-founder.<\/p>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n Announced last year by Stripe and cryptocurrency venture firm Paradigm<\/a>, Tempo is designed to be a \u201cpayments-first blockchain.\u201d<\/a><\/p>\n Matt Huang<\/a>, co-founder and managing partner at Paradigm and project lead for Tempo, argued at the time that large portions of crypto infrastructure are devoted to trading and that Tempo would instead be optimized for payments.<\/p>\n \u201cWe are excited to further crypto\u2019s ability to tackle real-world use cases<\/a> including global payments and payroll, remittances, tokenized deposits for 24\/7 settlement, embedded financial accounts, microtransactions, agentic payments and more,\u201d Huang said.<\/p>\n Meanwhile, research by PYMNTS Intelligence shows increased usage of stablecoins for payments among businesses, with 88% of firms<\/a> who receive stablecoin payments converting them immediately into U.S. dollars. This spotlights the notion that these coins are seen as rails rather than stores of value, PYMNTS wrote earlier this month.<\/p>\n \u201cFirms with lower operational uncertainty are more likely to increase their interest in stablecoins,\u201d that report added.<\/p>\n