Klarna Partners with Coinbase to Add Stablecoins to Institutional Funding Toolkit
Klarna, a renowned Swedish fintech company, has announced a strategic partnership with Coinbase, a leading crypto exchange, to integrate stablecoins into its institutional funding toolkit. This move marks a significant milestone in Klarna’s efforts to diversify its funding sources and explore the potential of cryptocurrencies.
As part of the agreement, Klarna plans to raise short-term funds from institutional investors in USDC (USDC), leveraging Coinbase’s crypto-native infrastructure. This new funding channel will complement Klarna’s existing sources, which include consumer deposits, long-term debt, and short-term commercial paper. Niclas Neglén, Klarna’s chief financial officer, expressed his enthusiasm for the partnership, stating that stablecoins connect the company to a new class of institutional investors and provide an opportunity to diversify funding sources in a way that was not possible a few years ago.
Klarna’s Crypto Push
Klarna’s stablecoin financing initiative is still in development and is separate from its consumer and merchant-focused crypto plans. The company expects to advance its consumer-focused efforts, which may include wallets or additional services for digital assets, further in 2026. However, Klarna warned that the initiative is subject to regulatory, market, and operational risks, noting that actual results could differ from expectations.
Klarna chose Coinbase for the initiative due to its experience in providing crypto infrastructure to large enterprises. Coinbase currently supports over 260 companies worldwide and offers custody, settlement, and blockchain-based financial services. The partnership is a testament to Coinbase’s expertise and authoritativeness in the crypto space.
Klarna Launches Dollar-Backed Stablecoin
Last month, Klarna launched a US dollar-pegged stablecoin, becoming the first digital bank to issue a token on Tempo, a new Layer 1 blockchain developed by Stripe and Paradigm. The stablecoin, called KlarnaUSD, is currently active on Tempo’s testnet, and a mainnet launch is planned for 2026. The token was developed by Stripe-owned stablecoin infrastructure company Bridge and expands Klarna’s long-standing partnership with Stripe across its global payments network.
The GENIUS Act, passed in the United States in July, set clear rules for stablecoins and helped fuel a wave of new issuance. As the crypto landscape continues to evolve, partnerships like the one between Klarna and Coinbase are likely to play a significant role in shaping the future of digital payments and funding.
For more information on this partnership and the latest developments in the crypto space, visit https://cointelegraph.com/news/klarna-partners-coinbase-usdc-institutional-funding?utm_source=rss_feed&utm_medium=rss_tag_blockchain&utm_campaign=rss_partner_inbound
