KlarnaUSD, the first stablecoin from Swedish payment giant Klarna, has been launched ahead of schedule.

Odaily Planet Daily reports that Swedish payment giant Klarna recently announced the early launch of its first stablecoin, KlarnaUSD, on the Tempo blockchain, supported by Paradigm and Stripe. The stablecoin was originally planned for launch in 2026. According to Klarna, stablecoins have already reached an annual transaction volume of $27 trillion, and Klarna will subsequently bring faster and cheaper cross-border payments to 114 million customers. The widespread adoption of cryptocurrencies is timely, and this is just the beginning.

Klarna's annual GMV exceeds $118 billion. Its Q3 financial report showed that the quarterly performance was the highest since the company went public, with quarterly revenue soaring to $903 million, GMV growth of 23%, and revenue growth of 51% in the United States.