Klarna Unveils Dollar-Backed Stablecoin Amid Digital Payments Surge
The buy now, pay later firm Klarna is testing its first stablecoin called KlarnaUSD, marking a pivot for the company whose CEO once criticized crypto.
The crypto asset is designed to be pegged to the dollar and is running on Tempo, a new blockchain from Stripe and Paradigm designed for payments.
With 114 million customers and $112 billion in annual gross merchandise volume, the Swedish-based firm is positioning itself to disrupt global payments.
The stablecoin targets cross-border payments, which rack up $120 billion in fees yearly, aiming to cut costs for users and merchants.
Says CEO Sebastian Siemiatkowski,
“Crypto is finally at a stage where it is fast, low-cost, secure, and built for scale. This is the beginning of Klarna in crypto, and I’m excited to work with Stripe and Tempo to continue to shape the future of payments.”
The move comes as stablecoin transactions hit $27 trillion a year, according to McKinsey, potentially taking over legacy payment networks by 2030.
Klarna says it plans to bring the stablecoin to the public sometime next year.
Featured Image: Shutterstock/tsuneomp/Sensvector
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperliquid (HYPE) Price Soars: DeFi Infrastructure Innovation Accelerates
- Hyperliquid (HYPE) dominates decentralized perpetual trading with 70–80% market share via sub-second block times and $5B+ TVL growth in 2025. - Institutional adoption accelerates through SEC compliance, BlackRock-backed USDH stablecoin, and $1B digital asset treasury partnerships. - Price targets of $38–$50 face risks from $314M token unlock and governance controversies over centralized control perceptions. - HYPE's $3T+ trading volume and $15B open interest highlight its role bridging DeFi's speed with
The HYPE Token's Rapid Surge: What's Fueling It, and Is It Worth Jumping In?
- Hyperliquid's HYPE token surged in 2025 due to technical innovation, institutional backing, and retail FOMO-driven speculation. - On-chain movements like $90M staking-to-spot transfers and a $314M token unlock on Nov 29, 2025, highlight liquidity risks and volatility concerns. - Market psychology amplifies HYPE's momentum through viral campaigns, fee cuts, and social media echo chambers, mirroring broader 2025 crypto trends. - Analysts debate HYPE's sustainability: while institutional partnerships and BL
Navigating the Hyperliquid Boom: Key Factors Behind Demand and Essential Insights for Investors
- Hyperliquid (HYPE) surges as decentralized derivatives gain traction, driven by high-speed blockchain and fee cuts via HIP-3 upgrade. - Platform's $1B+ daily volumes and equity perpetuals (e.g., TSLA-USDC) attract retail/institutional investors despite 100x leverage risks. - $10.8B token unlock over two years and regulatory uncertainty pose challenges, while liquidity incentives create strategic entry opportunities. - Retail demand spikes via referral programs, but high-leverage losses (e.g., $727K liqui
Bitcoin and Ethereum ETFs Post $789 Million in Net Inflows on Friday as Institutional Demand Returns
Trending news
MoreCrypto prices
More
