Overview
- Klarna said KlarnaUSD is currently confined to Tempo’s testnet and is not publicly tradable.
- The company plans a mainnet release in 2026 and states the stablecoin will be fully backed by U.S. dollars.
- Klarna argues the design could reduce costs for consumers and merchants, pointing to roughly $120 billion in annual cross-border fees.
- The firm plans to announce additional partners in the coming weeks and, by its account, is the first bank to introduce a stablecoin on Tempo.
- The launch tracks recent moves by PayPal, Stripe and J.P. Morgan as U.S. and EU authorities advance new rules; Klarna reports 100 million consumers and 720,000 merchants.