Why tempo Is Trending Today?

Klarna, a popular buy now, pay later service, has ventured into the cryptocurrency sphere by launching its own stablecoin, KlarnaUSD, on a newly developed blockchain. This move makes Klarna the first bank to issue a stablecoin on Stripe's Tempo network. The introduction of KlarnaUSD is expected to further weaken Ethereum, as it competes with other stablecoins like USD Coin (USDC) and Tether (USDT) that are built on Ethereum's blockchain. Additionally, Klarna has announced plans to integrate EMV technology for agentic payments, further expanding its offerings in the fintech space.

Klarna, the popular 'buy now, pay later' service, is set to launch its own stablecoin, KlarnaUSD, in 2026. This move aims to reduce costs for both consumers and merchants by leveraging blockchain technology for cheaper cross-border payments. The stablecoin will be backed by the U.S. dollar and will be built on Stripe's Tempo blockchain. Klarna's entry into the crypto market comes amidst growing adoption of stablecoins, with annual transactions reaching $27 trillion. The company aims to challenge traditional networks and reduce global payment costs with this new stablecoin.