Klarna has partnered with Coinbase to raise institutional funding in USDC.
Key receivers
Klarna will raise short-term funding from institutional investors USDC through Coinbase's digital infrastructure. The move adds a stable coin to Clarina's sources of funding, which include deposits, loans and commercial paper.
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Klarna, the global digital banking and payments platform, has partnered with Coinbase to raise USDC-denominated short-term funding from institutional investors.
The initiative adds a stable coin to Clara's traditional funding sources, which include consumer deposits, long-term loans and commercial paper.
The company will use Coinbase's crypto infrastructure to access institutional investors looking for digital US dollar-like assets. Klarna's chief financial officer, Niklas Naeglen, called the partnership an “exciting first step” that would allow the company to improve its capital base in a way that was not possible before.
“Stablecoin connects us to a completely new class of institutional investors,” Neglén said. “This is just the beginning of how digital assets will work with our traditional funding sources.”
Coinbase currently powers crypto infrastructure for more than 260 companies worldwide and offers a USDC-based funding program for Klarna. The stablecoin initiative is separate from Klarna's upcoming consumer- and merchant-facing crypto offering, which is expected to launch in 2026.
