DoorDash, Stripe test stablecoin payouts

DoorDash is testing stablecoin payouts with Stripe-backed Tempo, starting with merchant payment flows in its marketplace across more than 40 countries. (tempo.xyz) Tempo said on April 21 that DoorDash is moving some payout flows onto its network after working with the company as a design partner. DoorDash co-founder Andy Fang said the company wants to be “a proactive participant” as stablecoins move into payment infrastructure. (tempo.xyz) A stablecoin is a digital token designed to hold a fixed value, usually one U.S. dollar, so companies can move money on blockchain networks without the price swings tied to bitcoin or ether. Tempo said DoorDash is starting where “faster, more affordable settlement” would create the most value for merchants. (tempo.xyz) DoorDash said in its February 18 results that it generated nearly $75 billion in sales for local merchants in 2025 across over 40 countries, and more than $20 billion in earnings for Dashers. That scale gives the payout test a large cross-border footprint if DoorDash expands it beyond the first merchant flows. (ir.doordash.com) Tempo said companies including DoorDash came to it with the same problem: global payouts that took days, cost too much, and depended on fragmented local payment rails. The company said it built features such as fixed dollar-denominated fees, dedicated payment lanes, and private transaction zones for enterprise payment teams. (tempo.xyz) Stripe’s role is part of a broader push into stablecoin infrastructure. Tempo said Stripe is also bringing payment flows onto the network, and eMarketer noted Stripe bought stablecoin platform Bridge for $1.1 billion in October 2024 before expanding further into crypto payments. (tempo.xyz) (emarketer.com) The policy backdrop is still unsettled. The Office of the Comptroller of the Currency published a proposed rule on February 25, 2026 to implement the GENIUS Act, the U.S. law enacted on July 18, 2025 that created a federal framework for payment stablecoins. (occ.gov) Bank trade groups have pushed regulators to slow that rollout. In a January 17 letter, the American Bankers Association, Bank Policy Institute, The Clearing House, Consumer Bankers Association, and Independent Community Bankers of America asked the Federal Deposit Insurance Corporation for a 60-day extension on one stablecoin rulemaking comment period. (aba.com) The groups said the Federal Deposit Insurance Corporation had not yet proposed the capital, liquidity, and risk-management requirements that would sit alongside the approval process for bank-issued stablecoins. They argued that the rulemakings should be considered together because the framework is “complex and novel.” (aba.com) For DoorDash, the immediate test is narrower than a full crypto checkout button. The company is starting with back-end payouts, where shaving days off settlement and reducing cross-border banking friction can change how quickly merchants get paid. (tempo.xyz)