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

Bitget App

Trade smarter

Bitget

News

Markets

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- CryptoAppsy offers real-time crypto price tracking and alerts via iOS/Android, requiring no account creation, targeting global users in Turkish, English, and Spanish. - Market volatility drives demand for instant data, contrasting with subscription-based models, as seen in GoPlus's 717M monthly API calls and WEEX's 100% APR promotions. - Competitors like BI DeFi emphasize security upgrades post-$15B breach, highlighting crypto's growing focus on risk mitigation alongside innovation. - CryptoAppsy's succe

Bitget-RWA•2025/11/26 23:22

CryptoAppsy: Experience Instant Access—No Registration Needed, Perfect for Fast-Moving Markets

Ethereum Latest Updates: Buterin's Railgun Transaction Ignites Privacy and Pre-Sale Discussion as ETH Reaches $3,000

- Vitalik Buterin transferred $2.9M ETH to privacy protocol Railgun as Ethereum surged past $3,000, triggering speculation about liquidity events. - On-chain analysts highlight Railgun deposits' historical link to pre-sale activity, though Buterin's 0.4% stake transfer doesn't inherently signal selling. - Buterin's $738.6M ETH holdings and recent privacy advocacy, including his "privacy is hygiene" stance, frame the transaction's strategic context. - Market reactions remain divided between regulatory hedgi

Bitget-RWA•2025/11/26 23:22

Ethereum Latest Updates: Buterin's Railgun Transaction Ignites Privacy and Pre-Sale Discussion as ETH Reaches $3,000

Thailand Closes Worldcoin Due to Unlawful Exchange of Biometric Data for Cryptocurrency

- Thailand ordered Worldcoin to halt operations and delete biometric data from 1.2 million users, citing PDPA violations involving iris scans for crypto tokens. - Authorities raided a Bangkok scanning center in October 2025, arresting employees for operating an unlicensed exchange and highlighting data leakage risks. - Worldcoin paused services in Thailand, denying wrongdoing, while the WLD token dropped to $0.6172 amid global regulatory crackdowns in Colombia, Spain, Brazil, and Kenya. - Regulators worldw

Bitget-RWA•2025/11/26 23:22

ALT5 Sigma’s Strategic Shift in Crypto: Regulatory Changes, Firm Belief, and Declining Investor Trust

- ALT5 Sigma's shift to a digital asset treasury model triggered an 80% stock plunge amid regulatory scrutiny and leadership turmoil. - U.S. regulators probed abnormal trading patterns while the CEO's suspension and Rwanda's money laundering conviction remained undisclosed. - Shareholders accuse the Trump-backed WLFI partnership of a "money grab," as the token dropped 34% post-listing. - The controversial DAT strategy faces skepticism for enabling large token holders to manipulate markets without direct pr

Bitget-RWA•2025/11/26 23:22