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Klarna launched a USD-backed stablecoin called KlarnaUSD in a move to cut cross-border payment costs and bring onchain settlement into its global payments stack. The token was issued on the Strip & Paradigm's Tempo testnet.
What’s the Scoop?
- Cost reduction: Klarna positioned the stablcoin as a tool to lower international transaction expenses, citing roughly $120 billion in global cross-border fees each year.
- Launch timeline: KlarnaUSD went live on Tempo’s testnet and was scheduled for a full mainnet rollout in 2026. The stablecoin was issued through Open Issuance, an infrastructure product built by Bridge, a Stripe subsidiary.
- Rising Influence: Tempo continues to amass partners after raising $500 million at a $5 billion valuation last month and garnering headlines after poaching top research talent from Ethereum.
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