Klarna partners with Coinbase to raise institutional funding in USDC

Key Takeaways

• Klarna will raise short-term funding from institutional investors in USDC via Coinbase’s digital infrastructure.
• The move adds stablecoins to Klarna’s funding sources, which already include deposits, loans, and commercial paper.

Klarna, the global digital bank and payments platform, has partnered with Coinbase to raise USDC-denominated short-term funding from institutional investors.

The initiative adds stablecoins to Klarna’s traditional funding sources, which include consumer deposits, long-term loans, and commercial paper.

The company will leverage Coinbase’s crypto infrastructure to tap into a new pool of institutional investors seeking digitally native USD-like assets. Klarna’s Chief Financial Officer Niclas Neglén called the partnership “an exciting first step” that allows the company to diversify its capital base in ways not previously possible.

Coinbase currently powers crypto infrastructure for over 260 companies globally and will provide the rails for Klarna’s USDC-based funding program. The stablecoin initiative is separate from Klarna’s upcoming consumer- and merchant-facing crypto offerings, which are expected to launch at pace in 2026.