Klarna Launches KlarnaUSD Stablecoin to Cut Global Payment Costs

Klarna has launched its first stablecoin, KlarnaUSD, marking a major shift for the global digital bank and BNPL provider.   Klarna becomes the first regulated payments provider to launch a stablecoin on Tempo, a payments-focused blockchain developed by Stripe and Paradigm. The firm says the move could help reduce the world’s $120 billion annual cross-border payment fees. Understanding KlarnaUSD KlarnaUSD is a US-dollar-backed stablecoin issued through Open Issuance by Bridge source: https://beincrypto.com/klarna-launches-klarnausd-stablecoin/