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Digital Bank Klarna Launches KlarnaUSD Stablecoin Linked to Currency
KlarnaUSD will cut $120 billion in annual cross-border fees and improve global money transfers by bypassing intermediaries like SWIFT, with a 2026 mainnet launch planned.
- This year, Klarna launched KlarnaUSD, a stablecoin built on Open Issuance by Bridge, a Stripe company, becoming the first bank to issue a stablecoin on Tempo with a 2026 mainnet rollout.
- Aiming to cut $120bn in annual cross‑border fees, Klarna, Swedish payments giant, says KlarnaUSD could bypass intermediaries like SWIFT, CEO Sebastian Siemiatkowski signalled embracing crypto earlier this year.
- Backed by $500m in early funding, Tempo launched in September with input from Anthropic, OpenAI, Revolut, Visa and Standard Chartered, and KlarnaUSD uses Open Issuance by Bridge, a Stripe company.
- Klarna will begin by using KlarnaUSD to modernize internal payments, starting on Tempo testing site while advancing prototyping, leveraging 114m customers and $112bn in annual GMV before broader rollout.
- Following peers like Revolut and PayPal, Sebastian Siemiatkowski called the move 'the beginning of Klarna in crypto' and said he is excited to work with Stripe and Tempo as crypto reaches scale and lower cost.
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37 Articles
Payment company Klarna is launching its own cryptocurrency: Klarna USD. The aim is to “significantly reduce costs for both consumers and merchants,” the payment company writes in a press release.
·Stockholm, Sweden
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Total News Sources37
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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