Klarna announced a partnership with Coinbase Global on December 19 2025 that will allow the fintech to raise short‑term institutional funding in USDC, a USD‑pegged stablecoin. The deal gives Klarna access to a new pool of investors who can provide liquidity in a digital asset that is fully backed and regulated, complementing its existing funding mix of consumer deposits, long‑term loans and commercial paper.
Coinbase’s USDC infrastructure powers more than 260 businesses worldwide, and the partnership leverages that proven platform to offer a regulated custody and payment network for institutional capital. The arrangement also aligns with the U.S. Treasury’s GENIUS Act, which clarifies the regulatory status of stablecoins and has encouraged broader institutional adoption.
Klarna’s chief financial officer, Niclas Neglén, said the partnership “connects us to a new class of institutional investors and gives us the potential to diversify our funding sources in ways that simply weren’t possible a few years ago.” The move is part of Klarna’s broader strategy to manage rising borrowing costs; the company reported an adjusted operating profit in the first half of 2024 and its first annual net profit in 2024, and the new funding channel could help keep its cost of capital lower as interest rates climb.
For Coinbase, the deal expands its stablecoin business and reinforces its “everything app” vision, which seeks to position the company as the operating system for global finance. Coinbase’s Q3 2025 results were strong, driven by higher trading volumes and institutional transaction revenue, and the partnership signals growing confidence in its regulated custody and payment infrastructure.
The partnership fits into a larger trend of institutional firms turning to stablecoins for treasury management and short‑term funding. With clearer regulatory guidance and a growing ecosystem of businesses using USDC, the deal underscores the increasing role of digital assets in mainstream finance. Klarna also plans to launch its own stablecoin, KlarnaUSD, in 2026, further cementing its commitment to integrating crypto into its financial services.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.