Klarna, the Sweden-based digital bank, has officially announced the launch of KlarnaUSD, a US dollar stablecoin. The move makes the company the latest global fintech company to leverage blockchain rails to power global remittances.
The token will be published on Tempo, a blockchain developed by Stripe and Paradigm specifically for payments use cases. of token It will be issued through Bridge, Stripe’s stablecoin infrastructure product, which is currently in testing mode. A full public release is scheduled for next year.
Introducing our first KlarnaUSD @stablecoin.
We are the first bank to establish @tempopayment blockchain @stripe and @paradigm.
Stablecoin transactions already reach $27 trillion annually, and we offer faster, cheaper cross-border payments to our 114 million customers.
What is crypto?
— Klarna (@Klarna) November 25, 2025
At launch, Klarna’s stablecoin will be used for internal payment processes, with expansion of use to merchants and consumers expected in the future. This development aims to streamline international payments and reduce costs for both consumers and merchants.
KlarnaUSD helps reduce cross-border payment costs
The fintech giant is also known for its “buy now, pay later” empire. The CEO is known for being anti-cryptocurrency. However, earlier this year CEO Sebastian Siemiatkowski announced that the fintech giant would embrace cryptocurrencies. Simiyatkowski said at the time that Klarna was preparing to integrate cryptographic services and invited the community to consider potential features.
To that end, Klarna said the token will help reduce the cost of cross-border payments, where global fees amount to around $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, said: “Cryptocurrencies have finally reached a stage where they are fast, low-cost, secure and built for scale (…) With 114 million customers and $112 billion in annual GMV, Klarna has the scale to transform payments around the world. Klarna’s scale and Tempo’s infrastructure allow us to challenge legacy networks and make payments faster and cheaper for everyone.”
Klarna promises more crypto projects amid 52-week lows
Klarna aims for its stablecoin to be used not only on crypto platforms but also in everyday transactions. The company also hinted at more crypto-related partnerships in a press release coming in the coming weeks.
The move puts Klarna alongside other big names in the race. as reported With Cryptopolitan, PayPal launched its own stablecoin and Stripe rolled out a stablecoin after acquiring Bridge for $1.1 billion. Klarna is now joining the growing list of mainstream payments companies that are implementing stablecoins into their core business.
Also last month, money transfer service provider Western Union announced The company plans to work with Anchorage Digital to introduce stablecoins to the Solana network.
Klarna enters crypto with solid momentum. The company recently went public on the New York Stock Exchange, raising $1.37 billion. In the third quarter, total distribution volume increased 23%, with revenue of $903 million, exceeding analyst expectations.
Meanwhile, the stock is trading near its 52-week low. However, Klarna’s liquidity remains very strong, giving the company room to push forward with new products, including its first stablecoin.
Stablecoin transaction value exceeds $27 trillion
The announcement comes as stablecoin usage continues to skyrocket. McKinsey estimates that the annual transaction value of stablecoins already exceeds $27 trillion and could surpass traditional payment systems by the end of this decade.
Interest in the asset class has also increased since the US’s first federal crypto law, the GENIUS Act, and Europe is finally giving large companies the green light to build on it.
Furthermore, the market capitalization of stablecoins is jumped off From $260 billion to $304 billion from July to November. This led issuers to purchase $44 billion in U.S. Treasury bills to comply with federal mandates contained in the GENIUS Act.
According to research from the Bank for International Settlements, a $3.5 billion increase in stablecoin market capitalization reduces government borrowing costs by 0.025%. At the projected $3 trillion level, this could save the United States $114 billion annually, or $900 per household.
Treasury Secretary Scott Bessent predicted that stablecoins will reach $3 trillion by 2030, generating $114 billion in annual government savings.
Additionally, the European Central Bank reported in November that the global stablecoin market exceeded $280 billion, with a market capitalization of over $280 billion, led by Tether at $184 billion and USD Coin at $75 billion.
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