Klarna Enters Stablecoin Market with KlarnaUSD Launch on Tempo Blockchain
Swedish fintech leader Klarna is making a strategic pivot into the stablecoin sector, announcing the development of KlarnaUSD—a USD-backed token set to launch in 2026 on Stripe-backed Tempo blockchain. The MOVE positions Klarna alongside PayPal and Stripe in the race to modernize cross-border payments, leveraging blockchain's speed and cost efficiency for its 114 million users.
Tempo, co-developed by Stripe and Paradigm, serves as the infrastructure for Klarna's stablecoin ambitions. The blockchain specializes in payment processing, mirroring Stripe's broader Bridge product vision. KlarnaUSD will join a $27 trillion annual stablecoin transaction market, targeting commerce and remittances where traditional systems remain sluggish.