Tag: siemiatkowski

The post Klarna launches KlarnaUSD stablecoin com. Klarna, the Sweden-based digital bank, has officially announced the launch of KlarnaUSD, a US dollar stablecoin. This move makes it the latest global fintech company to tap blockchain rails for powering global transfers. The token is set to go live on Tempo, a blockchain developed by Stripe and Paradigm specifically for payment use cases. The token will be issued through Bridge, Stripe’s stablecoin infrastructure product, and is currently in test mode. A full public rollout is planned for next year. Introducing KlarnaUSD, our first @Stablecoin. We’re the first bank to launch on @tempo, the payments blockchain by @stripe and @paradigm. With stablecoin transactions already at $27T a year, we’re bringing faster, cheaper cross-border payments to our 114M customers. Crypto is.- Klarna (@Klarna) November 25, 2025 At launch, Klarna’s stablecoin will serve internal payment processes, with expansion to merchant and consumer use expected in the future. The rollout aims to streamline international payments and reduce costs for both consumers and merchants. KlarnaUSD to help reduce the cost of cross-border payments The fintech giant is also known for its “buy now, pay later” empire. Its CEO is known to dismiss crypto. However, earlier this year, CEO Sebastian Siemiatkowski announced that the fintech giant would embrace crypto. Siemiatkowski said at the time that Klarna was preparing to integrate crypto services and invited the community to weigh in on potential features. To that end, Klarna stated that the token will help reduce the cost of cross-border payments, a space where global fees amount to roughly $120 billion annually. The partnership also builds on Klarna’s existing work with Stripe, which handles much of Klarna’s payment processing across 26 global markets. Sebastian Siemiatkowski, co-founder and CEO of Klarna, stated, “Crypto is finally at a stage where it is fast, low-cost, secure, and built for scale.