Klarna, a Sweden-based digital bank, announced yesterday, November 25, that it is working on bringing a stablecoin to the market that is pegged to the US dollar.
This product is called KlarnaUSD. Public release is scheduled for 2026.
The stablecoin resides on Tempo, a network created by online payments giant Stripe. Digital asset investment firm Paradigm is also participating in the project.
Tokens are issued in the following ways: Bridge, a platform that provides infrastructure for stablecoinsAs reported by CriptoNoticias, the company was acquired by Stripe in 2024.
Klarna has indicated that the stablecoin is in the testing phase on testnet. Similarly, banking entities work with Stripe to integrate its products into their network of business and payment platforms.
This results in Users can purchase from overseasApart from traditional systems such as SWIFT.
“Stablecoin transactions have already reached 27 trillion,Trillionin English), we are making cross-border payments faster and cheaper for our 114 million customers,” said the Swedish banking entity.
Finally, Khurana announced: Further collaborations related to cryptocurrency network technology are planned In the coming weeks.