Klarna Steps Into Cryptocurrency to Cut $120 Billion in International Payment Charges
- Klarna , a Swedish BNPL giant, launches KlarnaUSD stablecoin via Stripe's Bridge platform to cut $120B cross-border payment fees. - The blockchain-based stablecoin, co-developed with Stripe and Paradigm, targets $27T+ annual transaction volume in the growing stablecoin market. - Despite $3.2B revenue and $11B valuation, Klarna's entry aligns with regulatory clarity and industry trends as JPMorgan notes USDC overtaking USDT in onchain activity.
Klarna, the Swedish leader in buy-now-pay-later services, has
The stablecoin is distributed through Open Issuance by Bridge, an infrastructure solution owned by Stripe, and
The collaboration with Stripe strengthens a partnership that already covers Klarna's presence in 26 countries. Tempo, built for large-scale stablecoin transactions, was co-created by Stripe and Paradigm and
Although Klarna has ambitious goals, the company is still operating at a loss, reporting $3.2 billion in revenue over the past year and a market value of $11.05 billion. Nevertheless,
Klarna's move into stablecoins reflects a wider shift in the financial sector.
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.
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