Another payment giant will issue a stablecoin.

Mobile Payment Network News: Recently, Klarna, a global digital bank and "buy now, pay later" service provider, is preparing to launch KlarnaUSD, a USD stablecoin for global transactions. This move means that Klarna becomes the first fintech company to issue a stablecoin on Tempo.

In September of this year, Stripe and cryptocurrency venture capital firm Paradigm jointly incubated Tempo, a Layer 1 blockchain designed specifically for stablecoin payments. Tempo's creation can be said to be specifically aimed at addressing the problems often faced by existing general-purpose blockchains (such as Ethereum) when supporting large-scale payments, such as slow transaction speeds, large fee fluctuations, and congestion between different services. Tempo will provide a specially optimized infrastructure for the application of stablecoins in real-world financial scenarios such as global payments, payroll, and cross-border remittances. In addition to Stripe and Paradigm, the Tempo project's partners also include Shopify, Deutsche Bank, Standard Chartered Bank, OpenAI, and other well-known companies from the technology, finance, and e-commerce sectors.

Sebastian Siemiatkowski stated on social media this February that he "embraced cryptocurrency."

In any case, issuing a stablecoin will bring Klarna more attention. Previously, in September 2025, Klarna successfully listed on the NYSE. On November 18, 2025, local time, Klarna announced its record-breaking first quarter results after its IPO, exceeding analysts' expectations.

In the third quarter, Klarna's revenue reached $903 million, a year-on-year increase of 26%; quarterly GMV was $32.7 billion, with a 43% increase in the US market; it added 27 million new users and 235,000 new merchants, and Klarna Card added 4 million users since July; Klarna expects its revenue to exceed $1 billion in the fourth quarter of 2025. Klarna is arguably the latest fintech institution to embed stablecoins and blockchain technology into its operations. This year, banks and fintech companies have increasingly turned to stablecoins to reduce transaction costs and settlement times. According to incomplete statistics from Mobile Payment Network, more than 10 global banks and financial institutions, including Citibank, JPMorgan Chase, Morgan Stanley, Wells Fargo, BNY Mellon, UBS, Standard Chartered, Deutsche Bank, HSBC, and BNP Paribas, have already made substantial investments in the stablecoin and cryptocurrency field. For example, JPMorgan Chase's JPM Coin and its upgraded Kinexys platform aim to reduce transaction costs and risks by enabling real-time cross-border payments and foreign exchange settlements through blockchain technology. Just last month, remittance service provider Western Union announced a partnership with Anchorage Digital, with plans to launch a stablecoin (USDPT) on Solana in the first half of 2026. In short, facing the potential impact of stablecoins on traditional deposit and payment systems, many global banks and financial institutions are choosing to explore collaborative solutions or form consortia to jointly address these challenges. The primary goal of issuing stablecoins is to integrate the efficiency and innovation of blockchain technology into their own payment and settlement systems to prepare for the upcoming crypto competition.