Klarna Launches Stablecoin for Global Payments, Joining Fintech Push into Blockchain

Global fintech company Klarna has launched its own US dollar-linked stablecoin, joining a growing list of players in the race to revolutionize international payments through blockchain technology. The company’s new token, KlarnaUSD, will be utilized to power Klarna’s cross-border money movement operations. This move aims to reduce transaction costs for both merchants and shoppers, while streamlining internal treasury operations.