KlarnaUSD Announced as Klarna Enters the Global Stablecoin Market

Klarna, the global digital bank based in Sweden, has announced the launch of its stablecoin KlarnaUSD, marking its entry into the global stablecoin market, estimated at $27 trillion. The digital currency is being developed on the new Tempo blockchain, a technology created by Stripe and Paradigm, designed to reduce the cost of cross-border transactions, according to a statement released on Tuesday.

Klarna states that international transfers generate approximately $120 billion in fees each year, and its stablecoin could significantly decrease these costs. The company reports having 114 million customers and an annual gross merchandise value of $118 billion.

KlarnaUSD is built through Bridge’s Open Issuance and is scheduled for public launch on the Tempo network in 2026. Currently, the stablecoin is undergoing testing, prototyping, and integration and is not yet available to users.

The bank’s decision follows a growing trend among financial institutions adopting stablecoins and blockchain solutions for international transactions. Klarna representatives noted that the increased stability and efficiency of crypto technology have led to the company’s shift in position toward the sector.

Stablecoins are digital assets pegged to a traditional currency, such as the US dollar, to maintain low volatility and a stable value.