Klarna enters crypto with new USD stablecoin built on Stripe’s Tempo chain
The EU-licensed digital bank becomes the first financial institution to issue a token on Stripe and Paradigm’s layer-1 blockchain Tempo.
Payments company Klarna has launched a stablecoin, becoming the first digital bank to issue a token on Tempo, the new layer-1 blockchain developed by Stripe and Paradigm.
According to Tuesday’s announcement, the new stablecoin is pegged to the US dollar and is currently live on Tempo’s testnet, with an upcoming mainnet launch set for 2026.
Called KlarnaUSD, the stablecoin was built by Bridge, a stablecoin infrastructure provider also owned by Stripe. The move expands Klarna’s long-standing payments partnership with Stripe across its 26 global markets.