Overview
- Klarna said KlarnaUSD is live on Tempo’s testnet with a public mainnet rollout planned in 2026.
- The company described the coin as fully backed by U.S. dollar reserves and intended for everyday and cross-border payments.
- Klarna called itself the first bank to launch on Tempo, building the token with Bridge’s Open Issuance infrastructure.
- Initial use will focus on internal settlement, with merchant and consumer access expected after testing.
- Klarna points to its 114 million customers and $112 billion in annual GMV to cut cross-border costs that industry estimates put near $120 billion a year, as stablecoin flows are estimated around $27 trillion annually.