Coinbase has partnered with global payments provider Klarna to introduce a new stablecoin funding option that expands how users can add funds to their Coinbase accounts.
As part of this partnership, customers in supported regions will be able to use stablecoins such as USDC to fund their Coinbase wallets directly through the Klarna payments experience, providing buyers with a familiar payment flow while leveraging the price stability of digital assets tied to fiat currency.
The integration is designed to provide consumers with more choice and flexibility at checkout, allowing them to seamlessly allocate stable balances for trading, investing or remittances without requiring a separate bank transfer or card payment.
According to Niclas Neglén, CFO of Klarna,
“Stablecoin connects us to a whole new class of institutional investors and gives us the ability to diversify our funding sources in a way that simply wasn’t possible a few years ago. This is just the beginning of how digital assets can work alongside our traditional funding sources.”
In November, Swedish company Buy Now, Pay Later announced the launch of its own stablecoin, KlarnaUSD, which the company said is expected to launch next year.
According to CEO Sebastian Siemiatkowski,
“Crypto is finally at a point where it’s fast, inexpensive, secure, and built to scale. This is Klarna’s debut in crypto, and I’m excited to work with Stripe and Tempo to continue shaping the future of payments.”
The move comes as stablecoin transactions reach $27 trillion annually, according to McKinsey, which could take over legacy payment networks by 2030.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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