Klarna is known as a Swedish Fintech Company. “Buy Now, Pay Later” The (BNPL service) has teamed up with the cryptocurrency exchange Coinbase in order to include stablecoins into its institutional financing toolkit.
The global payment and digital banking company plans to obtain short-term financing from institutional investors in USDC.USDC( ), according to a report on Friday announcement.
“This is an exciting first step into a new way to raise funding,” Klarna chief financial officer Niclas Neglén said. “Stablecoin connects us to an entirely new class of institutional investors, and gives us the potential to diversify our funding sources in ways that simply weren’t possible a few years ago,” He added.
Klarna will continue to use its existing funding sources including consumer deposits, commercial papers and long-term loans.
Related: Swedish fintech giant Klarna will ‘embrace crypto,’ CEO says
Klarna’s Crypto Push
Klarna has said the initiative to fund stablecoins is in its development phase and distinct from plans aimed at consumers and retailers. These efforts are likely to include digital wallets and other services. They will progress in 2026.
The payments company warned that this initiative was subject to market, regulatory and operational risks. It also noted that results could be different from what is expected.
Klarna stated that it chose Coinbase as the platform for this initiative because of Coinbase’s experience with providing crypto-infrastructure to large companies. It currently provides custody, payment and financial services based on blockchain to more than 260 global businesses.
Related: Stripe’s stablecoin blockchain Tempo launches public testnet
Klarna launches dollar-backed stablecoin
Last month, Klarna launched a US dollar–pegged stablecoinIt is now the first digital financial institution to release a token on Tempo. Tempo is a layer-1 Blockchain developed by Stripe and Paradigm. KlarnaUSD stablecoin is now live on Tempo testnet. The mainnet launch, which the company says will be in 2026, has not yet been announced.
This token was built by Bridge, a Stripe-owned firm that provides stablecoins infrastructure. It extends Klarna’s partnership with Stripe in its global payments network.
It is important to note that the word “you” means “you”. GENIUS ActThe. passed by the United States Congress in July established clear guidelines for stablecoins. This has fueled a new wave of issuances.
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Source: cointelegraph.com
