Buy-now-pay-later firm Klarna has announced a new partnership with Coinbase that lets it raise short‑term funding from institutional investors using the Circle-issued USDC stablecoin, adding crypto-based capital to its existing funding mix of deposits, loans, and commercial paper.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
Klarna will receive funding from institutions in USDC using Coinbase’s digital asset infrastructure as the rails for these transactions. The USDC channel will sit alongside Klarna’s traditional sources of capital rather than replacing them, broadening how it finances its lending and BNPL activities.
Using stablecoins gives Klarna direct access to a new pool of institutional investors that prefer blockchain-based, dollar-like assets for speed and efficient settlement.
“This is an exciting first step into a new way to raise funding,” said Klarna CFO Niclas Neglén.
Last month, Klarna launched its own U.S. dollar–pegged stablecoin, KlarnaUSD, as its entry into crypto, built on Stripe and Paradigm’s Tempo blockchain. KlarnaUSD is scheduled to go live on Tempo’s mainnet in 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle Launches CPN Managed Payments for Banks and PSPs to Settle in USDC Without Holding Crypto
Circle Internet Group launched CPN Managed Payments on Wednesday, a full-stack stablecoin settlement platform designed to let banks, fintechs, and payment service providers process USDC transactions without holding or managing digital assets.
Key Takeaways:
Circle launched CPN Managed Payments on
Coinpedia1h ago
Circle Expands USDC Payouts to Singapore Partners
Circle launched USDC payout services in Singapore, enabling automated cross-border payments for fintechs and enterprises.
Payouts API reduces manual processes, improves transparency, and supports high-volume stablecoin transactions.
Expansion aligns with regulations, offering compliant in
CryptoFrontNews4h ago
Crypto Card Volume Hits $600M as USDC Narrows Gap with USDT
Crypto‑linked debit and prepaid card monthly transaction volume reached $600 million in March 2026, more than tripling from $187 million a year earlier, according to data from The Block.
CryptopulseElite8h ago
Circle launches a CPN managed payment solution, providing stablecoin settlement services to traditional financial institutions
Circle launched the Circle Payments Network (CPN) managed payment solution on April 8 to provide stablecoin settlement services for financial institutions, simplify fiat interactions, and handle crypto operations. The first set of partners includes Thunes and Worldline, and monthly trading volume for USDC has already surpassed USDT.
GateNews9h ago
600M per month! Crypto card transaction volume up 3x year over year, with USDC catching up to USDT
In March, cryptocurrency card transaction volumes reached $600 million, up more than threefold year over year, indicating its growing adoption in digital payments. The market share of USDT has gradually been shrinking, while USDC continues to rise in regulated markets such as North America and Europe. Tether plans to launch a U.S. compliant stablecoin to counter USDC’s expansion; going forward, the market landscape will keep changing.
MarketWhisper10h ago
