Klarna will raise short‑term working capital from institutional investors in USDC via Coinbase’s infrastructure, adding stablecoins to its funding mix.

The partnership allows institutional investors to provide short-term funding to Klarna in USDC, a popular dollar-pegged stablecoin. By leveraging Coinbase's infrastructure, Klarna aims to tap into a new pool of capital in a digitally native format, enhancing its funding diversity and efficiency. Sebastian Siemiatkowski, Klarna's co-founder and CEO, emphasized the move as a way to access "USD-like funding directly," highlighting Coinbase's expertise in serving large enterprises.

Klarna's pivot to digital assets is particularly noteworthy given its history. As recently as February 2025, CEO Siemiatkowski had dismissed cryptocurrencies as a "scam" but signaled openness amid regulatory advancements and market growth. By year's end, the company has fully embraced the sector, avoiding direct crypto exposure in the past but now actively incorporating stablecoins for stability and efficiency.

Industry experts see this as part of a broader trend where traditional fintechs like Klarna are blending with blockchain to stay competitive. With over 150 million users worldwide, Klarna's moves could accelerate crypto's integration into everyday finance, from payments to lending.

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