TechFlow news, November 25 — According to the FT, Swedish "buy now, pay later" giant Klarna today announced the launch of its stablecoin, KlarnaUSD, aimed at reducing cross-border payment costs, becoming the latest fintech company to bet on stablecoins reshaping global payments. The stablecoin is deployed on Stripe's proprietary blockchain, and Klarna says it can "significantly reduce payment costs for consumers and merchants." Sources familiar with the matter said KlarnaUSD could bypass traditional intermediaries like Swift during large-scale global fund transfers, greatly lowering internal settlement costs, and will gradually be made available to merchants and regular users.
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