KlarnaUSD: FinTech Klarna launches stablecoin
- Klarna CEO Sebastian Siemiatkowski was long considered a crypto skeptic, but now the Swedish payment service provider is surprisingly launching its own stablecoin, KlarnaUSD. The company is thus responding to strong growth in this segment of the crypto market.
- According to McKinsey, stablecoin transactions now exceed $27 trillion annually and could overtake traditional payment networks before the end of the decade. The market capitalization of this booming crypto sector is around $275 billion.
- Klarna is the first bank to launch its own stablecoin, Tempo, on the new Stripe blockchain. The long-term goal is to significantly reduce the high costs of cross-border payments, estimated at $120 billion, for merchants and consumers.
- “With Klarna’s reach and Tempo’s infrastructure, we can challenge old networks and make payments faster and cheaper for everyone,” explains Sebastian Siemiatkowski.
- The CEO and co-founder emphasizes: “Crypto is finally at a point where it is fast, affordable, secure, and scalable. This is the beginning of Klarna’s entry into crypto, and I look forward to shaping the future of payments together with Stripe and Tempo.”
- The stablecoin is currently live in the test environment but not yet accessible to the general public. KlarnaUSD is based on Open Issuance from Bridge, a leading provider of stablecoin technology and a Stripe company, and will launch on Tempo's main network in 2026.
- The global digital bank offers flexible payment options and has 114 million active users worldwide, processing 2.9 million transactions per day. Klarna shares have been listed on the New York Stock Exchange since September 10, 2025.
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