Klarna Launches First Stablecoin on Tempo Blockchain, Aiming to Challenge Global Payments

Digital banking giant Klarna is poised to disrupt the global payments landscape with its introduction of KlarnaUSD, a stablecoin designed for cross-border transactions, on the Tempo blockchain. The move by Klarna, which boasts over 114 million users globally, seeks to cut down on substantial transaction costs associated with traditional payment networks. Klarna’s foray into crypto signifies a potential shift in how we make international payments, potentially reducing expenses and driving market competition.