Klarna has launched KlarnaUSD, its first stablecoin and the first bank-issued token to debut on Tempo, a new payments-focused blockchain built by Stripe and Paradigm.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. ...

Today, buy now pay later giant Clara is launching its own stable coin and Kavon Paymani of Anamoka Brands discusses the web 3 platform's plan to go public in 2026. Welcome to CNBC's Crypto World. I'm Talia Kaplan.Crypto markets mixed this morning as new economic data cast doubt on the strength of the economy, but raises hopes for a rate cut in December. Prices that producers pay for goods rose less than expected in September, while retail sales came in softer than initially forecast. At the same time, consu ...

Core Insights - Clara, a buy now pay later platform, is launching its own stable coin, CLAUSD, to enhance payment efficiency and reduce costs [4][5] - Anamoka Brands plans to go public in the US through a reverse merger with a Singapore-based fintech firm, targeting a valuation of $1 billion by 2026 [6][9] Market Overview - Crypto markets are mixed, with economic data raising hopes for a potential rate cut in December, while consumer confidence has dropped to its lowest since April [2][3] - Bitcoin is trading just above $87,000, while Ether and XRP have seen increases of over 2% and 3% respectively [3] Anamoka Brands' Strategy - Anamoka Brands aims to leverage its extensive portfolio of over 600 companies to provide investors with access to the growing web3 ecosystem, focusing on altcoins rather than just Bitcoin and Ether [16][20] - The company reported $314 million in revenue and $97 million in EBITDA last year, positioning itself as a profitable operating business [19][20] Future Initiatives - Anamoka is set to launch a stable coin initiative and an RWA marketplace, expanding its offerings in the web3 space [21][28] - The company plans to continue investing in various sectors, including AI, DeFi, and gaming, while also supporting startups in the crypto industry [31][32]

Core Insights - Klarna Group plc has launched KlarnaUSD, its first stablecoin pegged to the U.S. dollar, marking its entry into the crypto payments sector [1][7] - The stablecoin is built on Tempo, a blockchain co-developed by Stripe and Paradigm, and is currently live on the testnet with a mainnet launch expected in 2026 [1][2] Company Strategy - Klarna is utilizing Open Issuance by Bridge, a Stripe-owned infrastructure, to mint and manage KlarnaUSD, which aims to reduce cross-border payment costs by bypassing traditional systems [2][3] - The company has a significant user base of 114 million and an annual gross merchandise volume of $112 billion, positioning it to potentially reshape global payment systems [2][3] Financial Implications - The introduction of KlarnaUSD could significantly lower operational costs, enhance cash flow, and create new revenue streams through crypto transactions [3] - The global stablecoin usage is estimated to exceed $27 trillion annually, indicating a substantial market opportunity for Klarna as it diversifies beyond its buy now, pay later model [3] Competitive Landscape - Klarna's move into stablecoins differentiates it from competitors like Affirm Holdings, which has captured a significant share of the domestic BNPL market [5] - PayPal has already integrated stablecoins into its operations, launching its own stablecoin, PYUSD, to remain competitive in the digital payment landscape [4]

Swedish fintech giant Klarna is entering the stablecoin market, marking one of its biggest strategic shifts since going public. The company said on Tuesday that it will launch a U.S. dollar-backed token called KlarnaUSD, positioning the move as a step toward faster and cheaper global payments at a time when the stablecoin sector is expanding under growing regulatory scrutiny. Klarna Joins PayPal and Stripe in Stablecoin Push With 2026 Launch of KlarnaUSD KlarnaUSD is currently in testing and is scheduled ...

Popular fintech giant Klarna has launched its United States dollar-pegged stablecoin, dubbed KlarnaUSD. According to the announcement on X, the new digital asset is a first-of-its-kind for the company. It has now gone live on Tempo blockchain, making it the first digital bank to make such a move. Klarna Plans to Challenge Old Networks With Stablecoin On November 25, Klarna announced that it has become the first digital bank to launch a stablecoin on Tempo. This is a new independent payment-designed blo ...

Klarna Will Launch Stablecoin on Tempo in Effort to 'Challenge Old Networks'► https://t.co/mohgSFY5OW https://t.co/mohgSFY5OW ...

Core Insights - Klarna, a Swedish fintech company, is launching its own stablecoin named KlarnaUSD on the Tempo layer-1 network, developed in collaboration with Stripe and Paradigm, set to debut next year [1] - The company views stablecoins as a means to significantly lower costs for consumers and merchants, despite its CEO's previous skepticism towards cryptocurrencies [2] - Klarna's stablecoin aims to leverage its scale and Tempo's infrastructure to enhance payment speed and reduce costs, with the potential for blockchains to surpass traditional payment networks by the end of the decade [3] Company Developments - Klarna has expanded its buy now, pay later services into new areas, including a partnership with DoorDash for interest-free installment payments [4] - The company is testing KlarnaUSD on Tempo's testnet, with plans for further crypto-related announcements in the near future [3] Market Context - The stablecoin market is substantial, with annual transactions estimated at around $27 trillion, indicating a significant opportunity for Klarna's new offering [3] - Klarna's stock price remained stable at $29.27, although it has experienced a 35% decline since its debut on the New York Stock Exchange in September [6]

🇸🇪 UPDATE: Sweden’s BNPL giant Klarna is launching KlarnaUSD, a stablecoin on Stripe’s blockchain to cut cross-border payment costs. https://t.co/YONodVpKE4 ...

$ETH bulls,how will you spin it off as bullish for Ethereum?Klarna (@Klarna):Introducing KlarnaUSD, our first @Stablecoin.We’re the first bank to launch on @tempo, the payments blockchain by @stripe and @paradigm.With stablecoin transactions already at $27T a year, we’re bringing faster, cheaper cross-border payments to our 114M customers.Crypto is ...