Klarna is a Swedish fintech offering payments, buy-now-pay-later and shopping services.
Klarna announced KlarnaUSD on 25 November 2025, its first stablecoin, operating on a payments-focused blockchain called Tempo — marking a significant strategic shift for a buy-now-pay-later group whose CEO was previously a vocal crypto sceptic. Reserve composition, redemption mechanisms and regulatory treatment were not addressed in the announcement materials reviewed.
Adyen has nominated Niclas Neglen, formerly CFO of Klarna for six years, to lead its finance function and join its statutory Management Board from 1 February 2027, subject to regulatory and shareholder approval.
Adyen has nominated Klarna Group CFO Niclas Neglen to lead its finance function from 1 February 2027, subject to regulatory and shareholder approval. Neglen brings six years at Klarna alongside prior roles as CFO and COO for EMEA at HSBC Private Bank and 13 years in senior finance leadership at General Electric.
A consortium of more than 140 companies — including Visa, Mastercard, Stripe, Coinbase and BlackRock — launched Open Standard and its dollar-pegged stablecoin OUSD on 30 June 2026, with the stated aim of redistributing stablecoin yield to participating institutions. The announcement triggered an approximately 15% drop in Circle's stock price.
Klarna has announced KlarnaUSD, a USD-denominated stablecoin built on the Tempo blockchain, positioning the newly listed Swedish fintech as one of the most prominent mainstream European consumer companies to enter the stablecoin payments space. The launch is framed as a payments infrastructure play targeting a market Klarna claims processes $27 trillion in annual transactions.