Klarna partners with Coinbase to accept stablecoin funding from institutions
Klarna is partnering with Coinbase to raise short-term institutional funding denominated in USDC stablecoins.Summary
Swedish fintech Klarna has partnered with Coinbase to integrate stablecoins, specifically USDC, into its institutional funding toolkit, allowing it to raise short-term funding from institutional investors using Coinbase's crypto infrastructure. Klarna's CFO, Niclas Neglén, stated this opens access to a new class of investors and diversifies funding sources beyond traditional methods like consumer deposits and commercial paper. This initiative is separate from Klarna's consumer-facing crypto plans, which are expected to progress around 2026. Klarna selected Coinbase due to its enterprise-grade crypto infrastructure experience. Separately, Klarna recently launched its own US dollar-pegged stablecoin, KlarnaUSD, on Stripe and Paradigm's Tempo layer-1 blockchain testnet, with a mainnet launch anticipated in 2026.
(Source：Cointelegraph)