Coinbase Partners With Payments Provider Klarna To Support New Stablecoin Funding Feature
Coinbase has teamed up with global payments provider Klarna to introduce a new stablecoin funding option that expands how users can add funds to their Coinbase accounts.
Under the partnership, customers in supported regions will be able to use stablecoins such as USDC to fund their Coinbase wallets directly through Klarna’s checkout experience, giving buyers a familiar payments flow while leveraging the price stability of fiat-pegged digital assets.
The integration is designed to offer consumers more choice and flexibility at the point of checkout, allowing them to seamlessly allocate stablecoin balances for trading, investing or remittance without requiring a separate bank transfer or card payment.
Says Klarna chief financial officer Niclas Neglén,
“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.”
In November, the Swedish buy now, pay later firm announced the launch of its own stablecoin, KlarnaUSD, which the company says is set to launch sometime next year.
Says CEO Sebastian Siemiatkowski,
“Crypto is finally at a stage where it is fast, low-cost, secure, and built for scale. This is the beginning of Klarna in crypto, and I’m excited to work with Stripe and Tempo to continue to shape the future of payments.”
The move comes as stablecoin transactions hit $27 trillion a year, according to McKinsey, potentially taking over legacy payment networks by 2030.
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