Klarna partners with Coinbase for stablecoin funding

Klarna (KLAR) has partnered with Coinbase (COIN) to add stablecoin funding to its broad range of traditional sources of funding, which include consumer deposits, long-term loans and short-dated commercial paper. The digital bank plans to raise short-term funding from institutional investors denominated in USDC utilizing Coinbase’s digitally native infrastructure. Adding a USDC-denominated funding source enables Klarna to access USD-like funding directly, tapping into a new pool of institutional investors. This avenue for using stablecoin for funding is still in development and is separate from Klarna’s consumer- and merchant-focused crypto and stablecoin endeavors which it will embark on with continued pace in 2026.