Klarna recently announced a significant partnership with Coinbase to integrate stablecoin funding into its operations. This collaboration allows Klarna to use digital assets in its funding strategy. Klarna will specifically raise funding in USDC from institutional investors through Coinbase’s system. The partnership shows a new way to diversify Klarna’s funding sources.
Expanding Klarna’s Funding Strategy
Coinbase will supply the necessary infrastructure to back Klarna’s funding in USDC. Both companies plan to promote the use of stablecoins in Klarna’s institutional funding approach. USDC is a stablecoin designed to maintain its value pegged to the U.S. dollar. Consequently, this reduces the risks often associated with volatile digital currencies.
“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.”
The initiative focuses on Klarna’s institutional funding structure and does not change how consumers use Klarna’s services. Klarna chose Coinbase for this initiative because of its strong industry track record. It currently provides crypto infrastructure for over 260 businesses worldwide. The option of using stablecoin for funding is still being developed. This effort is separate from Klarna’s plans for consumer and merchant-focused crypto and stablecoin projects, which will move forward in 2026.
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News Source: Businesswire.com
