Swedish fintech firm Klarna has announced the launch of its first stablecoin, KlarnaUSD, positioning the company as the first bank to issue a stablecoin on Tempo. Tempo is an independent blockchain developed by Stripe and Paradigm, designed specifically for payment transactions. KlarnaUSD is built on Open Issuance stablecoin infrastructure platform by Bridge, a Stripe firm, and is set to be introduced on Tempo’s mainnet next year. According to McKinsey’s estimation, annual stablecoin transaction volumes ...