Important points
- Klarna plans to raise short-term funding from USDC institutional investors through Coinbase’s digital infrastructure.
- The move adds stablecoins to Klarna’s funding sources, which already include deposits, loans and commercial paper.
Klarna, a global digital banking and payments platform, has partnered with Coinbase to raise USDC-denominated short-term funding from institutional investors.
The initiative will add stablecoins to Klarna’s traditional funding sources, including consumer deposits, long-term loans and commercial paper.
The company plans to leverage Coinbase’s crypto infrastructure to tap into a new pool of institutional investors seeking digitally native USD-like assets. Niclas Neglén, Klarna’s chief financial officer, said the partnership is an “exciting first step” that will allow the company to diversify its capital base in a way not previously possible.
“Stablecoins connect us with a whole new class of institutional investors,” Negren said. “This is just the beginning of how digital assets can work hand-in-hand with traditional funding sources.”
Coinbase currently powers the crypto infrastructure of over 260 companies around the world and will provide the rails for Klarna’s USDC-based funding program. This stablecoin initiative is separate from Klarna’s upcoming consumer and merchant cryptocurrency services, which are expected to launch at the same pace in 2026.
