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The BNPL giant will tap USDC-denominated funding via Coinbase as it explores stablecoins for treasury and capital markets use.<\/p>\n
Klarna, a Swedish fintech company known for its \u201cBuy Now, Pay Later\u201d (BNPL) service, has partnered with crypto exchange Coinbase to add stablecoins to its institutional funding toolkit.<\/p>\n
Under the arrangement, the global payments and digital banking firm plans to raise short-term funding from institutional investors denominated in USDC (USDC<\/a>), using Coinbase\u2019s crypto-native infrastructure, according to a Friday announcement<\/a>.<\/p>\n \u201cThis is an exciting first step into a new way to raise funding,\u201d Klarna chief financial officer Niclas Negl\u00e9n said. \u201cStablecoin connects us to an entirely 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,\u201d he added.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n