Stockholm, Sweden — Global fintech leader Klarna (KLAR.N) has revealed plans to launch KlarnaUSD, a fully U.S. dollar-backed stablecoin designed for seamless payments and cross-border transactions. The token is currently in testing and will go live on the mainnet in 2026.
Operating on Tempo, a payments-focused blockchain developed by Stripe and Paradigm, KlarnaUSD aims to deliver faster, lower-cost, and more secure transactions than traditional banking systems.
Operating on Tempo, a payments-focused blockchain developed by Stripe and Paradigm, KlarnaUSD aims to deliver faster, lower-cost, and more secure transactions than traditional banking systems.
The announcement places Klarna alongside major industry players including PayPal and Stripe, both of which launched U.S. dollar-backed stablecoins earlier this year. Klarna expects to benefit from emerging regulatory clarity through the GENIUS Act in the United States and MiCA in Europe.
“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,” said CEO Sebastian Siemiatkowski.
Klarna’s move comes shortly after the company exceeded analysts’ expectations in its first quarterly earnings report since its high-profile U.S. stock market debut in September.
Token247 will continue to follow Klarna’s development as traditional finance and digital assets converge.
