Klarna Steps Into Cryptocurrency to Cut $120 Billion in International Payment Charges

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Klarna Steps Into Cryptocurrency to Cut $120 Billion in International Payment Charges

Bitget-RWA2025/11/25 15:26

By:Bitget-RWA

- 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

made its entry into the cryptocurrency sector by unveiling KlarnaUSD

, its inaugural stablecoin, developed on a blockchain infrastructure jointly created by Stripe and Paradigm. This stablecoin, which is currently accessible on Tempo's testnet, is

scheduled for a mainnet launch in 2026

, allowing Klarna to participate in the fast-expanding stablecoin market. The company's move comes at a time when stablecoin transaction volumes have surpassed $27 trillion per year, and

experts forecast they may overtake conventional payment networks

before the end of the decade.

The stablecoin is distributed through Open Issuance by Bridge, an infrastructure solution owned by Stripe, and

is designed to lower the costs of international payments

, which currently amount to $120 billion in yearly fees.

Klarna

CEO Sebastian Siemiatkowski, who was once a skeptic of digital currencies, now advocates for the technology, saying, "With Klarna's reach and Tempo's platform, we have the opportunity to disrupt legacy systems and deliver faster, more affordable payments for all." The company, which serves 114 million users and handles $112 billion in annual gross merchandise value, has

set itself up to integrate blockchain into its BNPL offerings

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

has just raised $500 million in capital

at a valuation of $5 billion. Klarna's move into stablecoins also aligns with

new regulatory standards emerging in the U.S. and EU

, which are beginning to offer more defined rules for stablecoin providers.

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,

its robust liquidity, shown by a current ratio of 29.46

gives it the financial strength to explore new opportunities. The stablecoin project is just the start, with

more collaborations anticipated in the near future

Klarna's move into stablecoins reflects a wider shift in the financial sector.

JPMorgan recently noted that Circle's USDC

has overtaken Tether's

USDT

in terms of onchain usage, fueled by clearer regulations and growing institutional interest. As stablecoins become more mainstream, both traditional banks and fintech companies are increasingly adopting blockchain to improve payment systems and expand into decentralized finance (DeFi).

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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