Overview
- The BNPL company will use Coinbase’s enterprise infrastructure to accept USDC from institutional investors as a complement to deposits, commercial paper, and long-term debt.
- CFO Niclas Neglén said stablecoins open access to a new class of institutional investors and broaden Klarna’s funding mix.
- Klarna said the stablecoin funding channel is in development, focused on institutions, and contingent on regulatory approvals, market readiness, and technical integration.
- Separately, KlarnaUSD is live on Stripe and Paradigm’s Tempo testnet with a mainnet launch planned for 2026, and the firm is prototyping a consumer wallet with Privy.
- Coverage notes Coinbase serves more than 260 institutional clients, and recent U.S. legislation alongside rapid stablecoin market growth has accelerated corporate adoption.