Overview
- Klarna said the collaboration is an R&D program to prototype wallet features that help users store, use, and send digital assets, with any launch contingent on regulatory approvals.
- Privy, operating under Stripe, will supply wallet infrastructure that supports more than 100 million accounts across over 1,500 developers.
- KlarnaUSD, issued with Tempo and Bridge, is a U.S. dollar‑backed stablecoin running on Tempo’s testnet and positioned to cut cross‑border payment costs.
- CEO Sebastian Siemiatkowski framed Klarna’s scale as an advantage for bringing crypto to mainstream customers, while Privy’s Henri Stern emphasized secure asset custody, trading, and global transactions.
- Klarna reports 114 million customers and $112 billion in annual GMV, and a company blog post signaled another update could arrive in about a week.