Klarna, a Swedish fintech company known for its “Buy Now, Pay Later” (BNPL) service, has partnered with crypto exchange Coinbase to add stablecoins to its institutional funding toolkit.
Under the arrangement, the global payments and digital banking firm plans to raise short-term funding from institutional investors denominated in USDC (USDC), using Coinbase’s crypto-native infrastructure, according to a Friday announcement.
“This is an exciting first step into a new way to raise funding,” Klarna chief financial officer Niclas Neglén said….
