Klarna Launches KlarnaUSD Stablecoin to Cut Global Payment Costs
Now, hold your applause, because this isn’t just any stablecoin launch-oh no. Klarna is the first bank to venture into the brave new world of issuing a stablecoin on Tempo, a blockchain concoction by Stripe and Paradigm, designed specifically for payments. The reasoning? Well, it’s simple. Klarna sees the $120 billion in annual cross-border payment fees as a slightly unpleasant (and costly) side-effect of global commerce-and aims to reduce them. Bravo, Klarna, bravo! 🌍💰


