DoorDash to Pay Workers in 40+ Countries With Stablecoins
DoorDash will pay delivery drivers and merchants in 40+ countries with stablecoins on Stripe’s Tempo to speed settlements and cut currency conversion and intermediary fees.
DoorDash announced it will pay delivery drivers and merchants in more than 40 countries using stablecoins on Stripe’s Tempo blockchain. The company said the program aims to speed cross-border settlement and lower fees tied to currency conversion and intermediaries.
Tempo is a payments-focused layer-1 blockchain incubated by Stripe and Paradigm that launched its public mainnet in March. The network supports stablecoin settlements in seconds and uses anchors and validators to link on-chain tokens to off-chain currencies and custody services.
DoorDash plans to build payment infrastructure on Tempo to serve merchants and Dashers who operate across multiple currencies and payment rails. The company said faster settlement should deliver funds more quickly and reduce foreign-exchange spreads and intermediary fees.
Tempo has drawn participation from large financial and commercial firms. Visa joined as an anchor validator alongside Stripe and Zodia Custody by Standard Chartered. The network has also collaborated with firms including Shopify and OpenAI and has an agentic payments protocol designed for automated transactional agents.
Andy Fang, DoorDash co-founder, described global payments as complex in a statement: “Global payments is complex in terms of what the requirements are for any different country.” He said the company is seeking solutions that feel frictionless to customers while meeting national rules. Fang added faster, affordable payouts for merchants and Dashers are “a no-brainer for the entire ecosystem.”
DoorDash did not provide a detailed rollout schedule or explain how Dashers will convert stablecoins to local currency. The company indicated the initial scope covers more than 40 countries.
On the market, DoorDash shares fell about 2% to roughly $186 on the day of the announcement, after a roughly 19% gain in the previous month. Industry observers say companies using stablecoins must manage regulatory, custody and conversion issues when integrating crypto-based settlement rails.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
