KlarnaUSD was launched on a blockchain created by payment company Stripe and will use the digital token for international payments. One person familiar with the plans said it would reduce the costs for Klarna when moving large amounts of money globally by cutting out parties such as the Swift network.
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Klarna launches stablecoin to cut cost of cross-border payments
Competition between digital banks and crypto companies is heating up. A growing number of crypto start-ups are looking to make the most of a permissive regulatory environment in the US...
