Klarna has taken a major step into blockchain technology by introducing KlarnaUSD, its first stablecoin, signaling a strategic shift toward digital currency infrastructure. The move places the Swedish digital bank within a rapidly expanding global ecosystem where stablecoin transaction volumes continue to increase sharply. By partnering with Stripe and Paradigm on Tempo, a payments-focused blockchain, Klarna appears to be positioning itself to participate more deeply in emerging digital payment rails.
KlarnaUSD is currently accessible only within Tempo’s testnet environment. This initial phase allows the company to evaluate the stablecoin’s performance and refine the technology ahead of a full-scale launch expected in 2026. The controlled rollout reflects Klarna’s historically cautious approach toward cryptocurrencies. While the company had previously expressed doubt about the practicality of crypto in mainstream financial systems, improvements in blockchain scalability, reliability, and regulatory direction have encouraged a more active exploration of the sector.
A Strategic Bet on the Rising Importance of Stablecoins
Klarna’s move into stablecoins aligns with a broader industry trend in which digital, dollar-pegged tokens are becoming foundational for global commerce. Analysts at McKinsey have suggested that stablecoin volumes may soon surpass those of established payment networks, illustrating the scale of the ongoing transformation. KlarnaUSD aims to address the costly nature of cross-border payments, an area where fees are estimated to reach nearly $120 billion each year. The company appears to be presenting its stablecoin as a more efficient alternative for international financial flows.
The new asset is being issued through Open Issuance by Bridge and supported by Stripe, demonstrating a blend of traditional fintech capabilities with decentralized financial infrastructure. Bridge continues to work through regulatory hurdles involving its bank charter application, yet Klarna’s partnership indicates confidence in the company’s long-term role within the ecosystem. Other major financial institutions, including HSBC and Visa, are also incorporating stablecoin functionality, reflecting a broader shift toward on-chain settlement solutions.
Introducing KlarnaUSD, our first @Stablecoin.
We’re the first bank to launch on @tempo, the payments blockchain by @stripe and @paradigm.
With stablecoin transactions already at $27T a year, we’re bringing faster, cheaper cross-border payments to our 114M customers.
Crypto is…
— Klarna (@Klarna) November 25, 2025
Expanding Partnerships and Preparing for 2026 Launch
Klarna’s collaboration with Stripe extends well beyond simple payment integrations. Both companies are now jointly focusing on building functional crypto-oriented tools that could evolve into a wider suite of Web3 financial products. This cooperative effort is expected to expand further as KlarnaUSD approaches public deployment in 2026. By then, Klarna anticipates having built enough infrastructure and partnerships to support additional blockchain-based services.
Klarna is using Open Issuance to launch KlarnaUSD 🚀
With their own custom stablecoin, they can:
1. Customize their reserves composition and management strategy
2. Benefit from the economics on those reserves
3. Control the mint and burn fees https://t.co/S5Y0Ji10cG— Bridge (@Stablecoin) November 25, 2025
Klarna’s CEO, Sebastian Siemiatkowski, expressed the view that blockchain technology can support high-volume financial operations. He noted that Klarna’s scale, combined with Tempo’s technical foundation, could help the company challenge older, slower financial networks. His remarks underscore the company’s renewed confidence in leveraging blockchain technology for improved transaction efficiency.
Despite regulatory challenges faced by Stripe’s Bridge, many major payment firms continue to emphasize the long-term value of blockchain. Visa executive Mark Nelsen has conveyed the belief that the technology offers efficiency advantages that make its mainstream adoption highly likely. His perspective reflects growing consensus across the industry that blockchain will eventually integrate deeply into the global payment landscape.
In entering the stablecoin arena, Klarna is not only expanding its technological footprint but also aligning itself with an accelerating trend toward more cost-effective and transparent global payments. If its plans proceed as expected, KlarnaUSD could become an essential component of the company’s broader financial ecosystem by 2026.