Klarna Partners With Coinbase to Raise USDC Funding From Institutions

Klarna, a Swedish fintech firm identified for its “Purchase Now, Pay Later” (BNPL) service, has partnered with crypto trade Coinbase to add stablecoins to its institutional funding toolkit.

Below the association, the worldwide funds and digital banking agency plans to increase short-term funding from institutional traders denominated in USDC (USDC), utilizing Coinbase’s crypto-native infrastructure, in accordance to a Friday announcement.

“That is an thrilling first step into a brand new means to increase funding,” Klarna chief monetary officer Niclas Neglén mentioned. “Stablecoin connects us to a wholly new class of institutional traders, and offers us the potential to diversify our funding sources in ways in which merely weren’t doable a number of years in the past,” he added.

The brand new funding channel will sit alongside Klarna’s present sources, which embrace client deposits, long-term debt and short-dated industrial paper.

Associated: Swedish fintech giant Klarna will ‘embrace crypto,’ CEO says

Klarna’s crypto push

Klarna mentioned that the stablecoin funding initiative stays in improvement and is separate from its consumer- and merchant-facing crypto plans. These efforts, which can embrace wallets or further digital asset companies, are anticipated to progress additional in 2026.

Nonetheless, the funds agency cautioned that the initiative is topic to regulatory, market and operational dangers, noting that precise outcomes might differ from expectations.