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Klarna Announces Dollar-Backed Stablecoin KlarnaUSD, Testing on Tempo for 2026 Launch

Klarna says the token targets lower cross-border fees with full U.S.-dollar backing.

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.