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0.01575056252009 0.00771456123432975 0.00546448087431688 -0.000803600128576089 -0.00578592092574745 -0.00932176149148192 -0.0080360012857602 -0.0128576020572164
Stock impact report

Klarna Partners With Coinbase to Add Stablecoin to Funding Mix

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 partnered with Coinbase to add stablecoin funding to its broad range of traditional sources of funding, which include consumer deposits, long-term loans and short-dated commercial paper. The digital bank plans to raise short-term funding from institutional investors denominated in USDC utilizing Coinbase’s digitally native infrastructure.Adding a USDC-denominated funding source enables Klarna to access USD-like funding directly, tapping into a new pool of institutional investors.“This is an exciting first step into a new way to raise funding,” said Niclas Neglén, Chief Financial Officer, Klarna, “Stablecoin connects us to an entirely new class of institutional investors, and gives us the potential to diversify our funding sources in ways that simply weren't possible a few years ago. This is just the beginning of how digital assets can work alongside our traditional funding sources."Klarn Show less Read more
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