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0.0228512960436563 0.0146657571623465 0.0020463847203275 0.0156889495225103 0.0133015006821283 0.00920873124147338 -3.41064120053775E-06 0.00306957708049113
Stock impact report

Klarna Launches KlarnaUSD as Stablecoin Transactions Hit $27 Trillion Annually

Klarna Group plc Ordinary Shares (KLAR) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, has launched KlarnaUSD, its first stablecoin and a significant shift for a company whose CEO was once a vocal crypto skeptic. The move comes as McKinsey estimates stablecoin transactions now top $27 trillion a year — and could overtake legacy payment networks before the decade is out.1The move makes Klarna the first bank to launch a stablecoin on Tempo, a new independent blockchain started by Stripe and Paradigm that’s purpose-built for payments. With cross-border payments generating an estimated $120 billion2 in transaction fees annually, Klarna sees stablecoins as a way to dramatically reduce costs for both consumers and merchants.“With 114 million customers and $112 billion in annual GMV, Klarna has the scale to change payments globally: with Klarna’s scale and Tempo’s infrastructure, we can challenge old networks and make payments faster and cheaper for everyone,” says Sebastian Siemiatk Show less Read more
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