Klarna plans to raise short-term funding denominated in Coinbase’s stablecoin USDC, tapping in to a new class of digital asset rich institutional investors.
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.” – according to the press release.
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.”
Klarna chose Coinbase for this initiative for its proven track record in the space – it currently powers crypto infrastructure for more than 260 businesses globally.
„This avenue for using stablecoin for funding is still in development and is separate from Klarna’s consumer- and merchant-focused crypto and stablecoin endeavors which it will embark on with continued pace in 2026.” – the company said.
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