TechFlow news, according to Fortune, Swedish digital banking and payment service company Klarna has announced a partnership with Coinbase to raise short-term funding priced in stablecoins from institutional investors through Coinbase's digital infrastructure. This will provide Klarna with an additional funding channel denominated in USDC stablecoin, supplementing its existing traditional sources such as customer deposits, long-term loans, and short-term commercial paper. This approach will enable Klarna to directly access more institutional investors and obtain a stable source of dollar-like funding.
Klarna said this move is the "first step" in exploring how digital assets can work together with traditional financing channels, and it will continue advancing its crypto and stablecoin-related business initiatives for consumers and merchants, with ongoing progress expected through 2026.
