Global digital bank Klarna announced a partnership with Coinbase to attract short-term funding from institutional investors in the USDC stablecoin and to diversify its funding sources.
Klarna is expanding its capital-raising model by adding USDC-denominated stablecoin funding to its traditional sources of financing — consumer deposits, long-term loans, and short-term commercial paper.
As part of the partnership with Coinbase, the company plans to raise short-term funds from institutional investors using the crypto platform’s digital infrastructure. The new model allows Klarna to receive funding directly in dollar-pegged stablecoins, opening access to a pool of investors that was previously unavailable through traditional banking instruments.
The press release notes that Coinbase was chosen as a partner due to its experience and scale, as the platform already provides crypto infrastructure for more than 260 companies worldwide.
Klarna CFO Niclas Neglén called the initiative “an exciting first step into a new way to raise funding.” According to him, the use of stablecoins opens access to an entirely new class of institutional investors and enables diversification of funding sources in ways that weren’t possible just a few years ago.
Klarna also notes that the project’s implementation depends on market conditions, regulatory requirements, and the company’s ability to achieve the expected impact from the new funding sources. The company warns that actual results may differ from current expectations due to competition, technological changes, and overall economic uncertainty.
At the same time, Klarna emphasizes that the use of stablecoins for funding is still under development and isn’t related to future products for retail customers or merchant partners. These areas, including crypto wallets, a dollar-pegged stablecoin, and other digital asset solutions, are planned for active development starting in 2026.
