Klarna Announces KlarnaUSD Stablecoin on Tempo to Potentially Cut Cross-Border Costs

Klarna has launched KlarnaUSD, a US dollar stablecoin on the Tempo blockchain, aiming to reduce cross-border payment costs for its 114 million customers. This initiative leverages blockchain for faster, cheaper global transfers, building on stablecoin's $27 trillion annual transaction volume. KlarnaUSD issuance via Bridge on Tempo blockchain for payment efficiency. Stablecoin targets internal payments initially, [...]