Klarna enters crypto market with new KlarnaUSD stablecoin
Swedish fintech company Klarna enters the cryptocurrency market with a new U.S. dollar stablecoin, strengthening its long-standing partnership with Stripe.
The popular European digital bank Klarna, known for online payments, short-term consumer lending, and its “buy now, pay later” (BNPL) services, is launching the KlarnaUSD stablecoin.
KlarnaUSD was developed by Bridge, a stablecoin-infrastructure provider owned by U.S. firm Stripe, and will become the first stablecoin launched on the Paradigm Tempo Layer-1 blockchain.
“Crypto has finally reached the stage where it’s fast, inexpensive, secure, and scalable. This marks Klarna’s beginning in the crypto world,” said Klarna CEO Sebastian Siemiatkowski.
Testing phase for internal payments only
Klarna has previously approached crypto integration cautiously. According to Tuesday’s announcement, the new stablecoin currently operates on Tempo’s testnet, with the mainnet launch planned for 2026.
A Klarna representative also told Cointelegraph that the company is “just beginning to explore stablecoin technology,” initially focusing on internal use cases such as “reducing the cost of international payments within Klarna.”
For now, Klarna has no plans to integrate stablecoins into its BNPL installment services.
As we wrote, Fintech giant Klarna adopts crypto, joins market ahead of $15B IPO
Latest Finance News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
