Klarna, a Swedish funds firm, has launched a brand new stablecoin, KlarnaUSD, which is pegged to the US greenback.
This token is at the moment lively on the Tempo blockchain’s take a look at community. Its full migration to Tempo’s public community is scheduled for 2026.
KlarnaUSD is the primary bank-issued token to make use of the payment-focused blockchain developed in collaboration with Stripe and Paradigm.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
Layer 2 Scaling Options Defined With Animations
The creation of KlarnaUSD makes use of the Open Issuance system designed by Bridge, a Stripe-owned platform for token issuance and administration. This step additional builds on Klarna’s relationship with Stripe, already current in over two dozen international markets for cost processing.
KlarnaUSD goals to scale back the prices of sending cash throughout borders. At present, cross-border transactions quantity to roughly $120 billion in annual charges, and Klarna expects this digital token to assist scale back these prices and the time required to settle funds.
With over 114 million customers and an annual gross merchandise quantity of $112 billion, Klarna is leveraging its massive community to trial blockchain-powered cost options.
For now, KlarnaUSD is used just for inner transactions, and there are not any introduced plans to attach it to Klarna’s core installment merchandise.
Testing KlarnaUSD on the Tempo testnet permits the agency to develop and combine the system earlier than its anticipated launch on the principle community in 2026.
Just lately, PDAX and Toku teamed as much as let Filipino staff obtain salaries in stablecoins and simply convert them to pesos. How? Learn the total story.
