Coinbase Wrapped BTC (cbBTC) is now live on Tempo, the payments-first Layer 1 blockchain incubated by Stripe and Paradigm, made available through Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Enterprises and institutions building on Tempo can now use Bitcoin alongside stablecoin payments in a single environment.
We’re excited to announce that Coinbase Wrapped BTC (cbBTC) is now live on Tempo. The integration is powered by Chainlink CCIP, an industry-leading oracle platform and exclusive bridging infrastructure for Coinbase’s wrapped assets. There is currently $5B+ of cbBTC in circulation, and with this integration, Tempo is bringing Bitcoin, the world’s largest cryptocurrency, to its ecosystem for the first time.
Now, enterprises and institutions have access to cbBTC on Tempo, including in DeFi use cases for earn products, lending markets, BTC-backed credit, trading, and more.
cbBTC gives the Tempo ecosystem access to Bitcoin, the world’s largest cryptocurrency and a premier collateral asset, via Chainlink CCIP. This access unlocks the next wave of innovation on Tempo, and we are excited to see how the community leverages it.
— Lukas Staniszewski, Director, Product Management, Coinbase
How it works
cbBTC is made available to the Tempo ecosystem via Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Tempo selected CCIP because it provides the institutional-grade security it needs for advanced institutional use cases. Unlike other bridging solutions, every CCIP bridge lane is secured by a minimum of 16 independent, security-reviewed node operators to provide redundant validation of every transaction. CCIP also provides additional risk management controls, including native rate limits that act as circuit breakers.
We’re excited to securely bridge Coinbase’s cbBTC to the Tempo ecosystem through Chainlink CCIP. This is a massive win for institutions who want to use the world’s largest digital asset in the Tempo ecosystem. Through Chainlink’s secure-by-default infrastructure, Tempo is unlocking Bitcoin liquidity for its ecosystem providing institutions the reliable foundation they need to participate in DeFi.
— Johann Eid, Chief Business Officer at Chainlink Labs
The combination of CCIP’s security architecture and Tempo’s high-throughput payments infrastructure gives enterprises a production-grade path to use cbBTC as collateral for lending, access deep liquidity on DEXs, and earn returns on BTC balances.
At Tempo, we’re seeing growing demand from enterprises looking to bring DeFi capabilities into their payments products and create more value for their users. We’re excited to partner with Coinbase and Chainlink to bring cbBTC to Tempo, giving companies access to wrapped Bitcoin for DeFi use cases across earn products, lending markets, credit, trading, and more.
— Dan Romero, GTM, Tempo
About Tempo
Tempo is a payments-first Layer 1 blockchain. Incubated by Stripe and Paradigm, and developed in partnership with leading fintechs and Fortune 500s, Tempo enables high-throughput, low-cost global transactions for any use case. Companies including DoorDash, Shopify, Visa, Nubank, and OnePay are building on Tempo across cross-border payments, institutional settlement, embedded finance, treasury operations, agentic payments, and more. Learn more at tempo.xyz.
About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Lido, GMX, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.
About Coinbase
Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom in the world. The most trusted crypto platform, Coinbase stores more digital assets than any other company and is building the everything exchange: one place to access crypto, equities, derivatives, prediction markets, and more. Coinbase serves consumers through its suite of financial apps, institutions through Coinbase Prime, and developers through the Coinbase Developer Platform. Every experience runs on Coinbase’s full-stack platform powering the future of finance: secure custody, deep exchange liquidity, stablecoin infrastructure, and global settlement rails, all built on a decade-plus foundation of security and compliance.
