Klarna成为第一家在Stripe Tempo网络上发行Stablecoin的银行

Klarna Group PLC (NYSE:KLAR) announced Tuesday the launch of KlarnaUSD, marking a significant milestone as the first bank to introduce a stablecoin on Stripe’s Tempo blockchain. This development represents a notable pivot for the Swedish fintech company, whose leadership previously expressed reservations about digital currencies.

The payments company, serving 114 million customers and processing $112 billion in annual gross merchandise volume, has selected Tempo as its blockchain infrastructure partner. Tempo is a payments-optimized network developed through collaboration between Stripe and Paradigm.

Strategic Rationale For Blockchain Adoption

The KlarnaUSD initiative targets inefficiencies in international payment settlement while addressing the substantial fee burden associated with cross-border transactions. Given that worldwide cross-border payment fees total roughly $120 billion annually, Klarna aims to capture meaningful market share through blockchain-based infrastructure.

Market conditions appear favorable for this entry. The stablecoin sector has expanded to $304 billion in total capitalization as of November 2025, up from $260 billion in July. Research from McKinsey indicates that stablecoin transactions have reached $27 trillion annually, demonstrating widespread acceptance of blockchain payment infrastructure.

“Crypto is finally at a stage where it is fast, low-cost, secure, and built for scale,” Klarna CEO Sebastian Siemiatkowski stated in the company’s announcement.

Technical Infrastructure Decision

Klarna’s choice of Tempo over established networks such as Ethereum (CRYPTO: ETH) or Solana (CRYPTO: SOL) highlights the platform’s enterprise-focused architecture. Tempo was purpose-built for payment applications, offering subsecond transaction settlement designed for high-volume processing.

The platform secured $500 million in October funding at a $5 billion valuation. A key technical advantage involves fee flexibility: users can pay network fees using any stablecoin rather than acquiring native tokens, simplifying treasury management for businesses.

Operating across 26 international markets, Klarna could substantially reduce currency conversion expenses and settlement timeframes. The company’s shares have dropped roughly 27% from their September IPO price of $40, currently trading near $29.60. Market observers will monitor whether blockchain initiatives can improve this performance trajectory.

Broader Industry Movement Toward Digital Assets

Klarna enters a competitive landscape where established financial institutions are actively exploring stablecoin solutions. JPMorgan Chase & Co. (JPM) has deployed its JPM Coin token for institutional customers via Coinbase Global Inc.’s (COIN) Base network, demonstrating another major bank’s entry into blockchain infrastructure.

HSBC Holdings recently disclosed plans to extend its tokenized deposit offerings to business customers throughout the United States and United Arab Emirates, while Citigroup Inc. (C) introduced Citi Digital Cash for internal settlement operations.

Regulatory developments have created a more supportive environment. The GENIUS Act, which became law in July 2025, established comprehensive compliance standards for stablecoin providers, encouraging traditionally cautious institutions to pursue blockchain opportunities.

Investment Considerations And Outlook

Klarna will issue KlarnaUSD through Bridge’s Open Issuance platform, Stripe’s stablecoin infrastructure service. The token is scheduled for mainnet deployment on Tempo during 2026, with current activity limited to testnet environments.

Initially, KlarnaUSD will not connect to Klarna’s consumer-facing buy-now-pay-later products. Instead, the stablecoin will facilitate internal payment operations before potential expansion to merchant and consumer applications. For an organization managing payment flows across numerous jurisdictions, blockchain settlement infrastructure could transform liquidity operations and decrease operational expenses.

This launch indicates that mainstream financial technology companies are constructing blockchain payment systems independent of cryptocurrency market fluctuations. Infrastructure providers supporting these transitions (including blockchain platforms and regulatory compliance services) may experience heightened demand as additional banks pursue similar strategies.

The central question concerns whether blockchain innovation will translate into enhanced financial performance following Klarna’s challenging post-IPO period. With management characterizing this as the initial phase of multiple cryptocurrency-related projects, stakeholders will scrutinize how effectively the stablecoin approach influences Klarna’s financial results.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.