Klarna Teams Up With Coinbase to Add Stablecoin to Funding Mix

Dow Jones01:29

By Kelly Cloonan

 

Klarna is teaming up with Coinbase to add stablecoin to its sources of funding.

The financial technology firm said Friday it plans to use Coinbase's infrastructure to raise short-term funding denominated in USDC, a stablecoin pegged to the U.S. dollar, from institutional investors.

Klarna has previously secured funding from consumer deposits, long-term loans and short-dated commercial paper.

"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," Klarna's Chief Financial Officer Niclas Neglén said.

The plans are still in development, and are separate from Klarna's efforts to use crypto and stablecoin in its consumer and merchant-focused business, the company said.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

December 19, 2025 12:29 ET (17:29 GMT)

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