Klarna partners with Coinbase to raise institutional funding in USDC
Crypto Briefing
Klarna partnered with Coinbase to raise short-term institutional funding denominated in USDC stablecoins.Summary
Global digital bank Klarna has teamed up with Coinbase to secure short-term funding from institutional investors using USDC stablecoins. This strategic move diversifies Klarna's capital base by adding stablecoins to its existing funding sources like deposits, loans, and commercial paper. Klarna's CFO, Niclas Neglén, stated that the partnership connects them to a new class of institutional investors via Coinbase's crypto infrastructure, calling it an exciting first step. This USDC funding program is distinct from Klarna's planned consumer and merchant crypto offerings expected in 2026.
(Source：Crypto Briefing)