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Klarna Unveils Dollar-Backed KlarnaUSD Stablecoin, Targeting 2026 Launch on Tempo

Klarna is starting with internal settlement to cut costs in cross-border payments before opening access to merchants and consumers.

A screen displays the company logo for Swedish fintech Klarna,during the company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 10, 2025. REUTERS/Brendan McDermid/File Photo
'Buy now, pay later' giant Klarna debuts stablecoin on Stripe’s Blockchain

Overview

  • KlarnaUSD is in testing now and is slated to go live on mainnet in 2026, with full U.S. dollar backing.
  • The token will run on Tempo, the payments blockchain developed by Stripe and Paradigm, reflecting Klarna’s deeper push into crypto rails.
  • Initial use will focus on Klarna’s own payment flows, with plans to extend to merchant payouts and everyday consumer transactions.
  • Klarna positions the stablecoin as a faster, cheaper option for international transfers as policy frameworks like the U.S. GENIUS Act and Europe’s MiCA take shape.
  • The move follows PayPal and Stripe launching dollar tokens, and comes after Klarna’s September listing and a quarterly revenue beat reported last week.