随着加密货币市场再度步入寒冬，不同于以往的周期性波动，本次下跌因为数字资产与主流金融体系的 深度交织，正对更广泛的金融系统构成前所未有的威胁。这一风险的核心并不在于单纯的价格投机，而 在于那些不仅旨在构建替代金融体系、更开始渗透传统市场的机制性变革。 杠杆去化与折价循环 当前的抛售潮始于过度的杠杆与估值泡沫的破裂。这一轮暴跌的中心是总部位于新加坡的加密交易所 Hyperliquid。该交易所仅有11名员工，却处理着日均130亿美元的交易量，并提供惊人的高杠杆服务。 今年10月，该平台发生了高达100亿美元的清算事件，其冲击波迅速波及整个市场。 比特币在不到两个月的时间里下跌了30%，抹去了年内的全部涨幅，其他加密资产的跌幅更为惨重。令 人警惕的是，这场暴跌发生在一个被视为史上最友好的监管环境下。 市场并未利用宽松政策构建稳健体系，反而催生了股市上的模因币（memecoins）、交易所近乎无限的 杠杆，以及围绕政府停摆等政治事件的狂热预测市场。甚至在本周，一只追踪狗狗币（Dogecoin）的 ETF也在纽约证券交易所挂牌上市。 本次危机中最值得关注、且可能最具风险的领域在于稳定币的崛起。随着被称为"天才法案"的 ...

Klarna (NYSE:KLAR), a European Fintech that operates in the US, is planning to launch a dollar-based stablecoin.Klarna, best known for credit and payments, said it would be issuing KlarnaUSD using Stripe’s stablecoin infrastructure, “Open Issuance,” which is powered by Bridge. The stablecoin is currently live on Tempo’s testnet with the public launch planned for 2026. Klarna posted on X:“Introducing KlarnaUSD, our first stablecoin. We’re the first bank to launch on Tempo, the payments blockchain by Stripe a ...

Key Takeaways Affirm trades at premium multiples even as it captures strong transaction and merchant growth.Repeat customers drove 96% of transactions, while active merchants rose 30% to 419,000.Affirm Card expansion and new markets supported rising users and 52.2% transaction growth.Affirm Holdings, Inc. (AFRM) continues to behave like a market favorite, but its valuation suggests investors are pricing in an almost flawless future. The stock trades at a forward 12-month price-to-sales (P/S) multiple of 5.1 ...

Klarna Group PLC (NYSE:KLAR) announced Tuesday the launch of KlarnaUSD, marking a significant milestone as the first bank to introduce a stablecoin on Stripe’s Tempo blockchain. This development represents a notable pivot for the Swedish fintech company, whose leadership previously expressed reservations about digital currencies.The payments company, serving 114 million customers and processing $112 billion in annual gross merchandise volume, has selected Tempo as its blockchain infrastructure partner. Temp ...

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 ...

Free Newsletter Get the hottest Fintech Switzerland News once a month in your Inbox Klarna has announced the launch of its first stablecoin, KlarnaUSD, marking a notable development for the company, whose CEO was previously sceptical about cryptocurrency.The stablecoin will be issued on Tempo, a new independent blockchain developed by Stripe and Paradigm, which is specifically designed for payments.Klarna is the first bank to launch a stablecoin on Tempo.KlarnaUSD aims to streamline cross-border payment ...

【环球网财经综合报道】日前，瑞典金融科技公司Klarna宣布，将推出一款由美元支持的稳定币，以满 足数字支付竞争加剧和监管加强的需求。这款名为"KlarnaUSD"的代币目前正处于测试阶段，将于2026 年上线。 Klarna的首席执行官Sebastian Siemiatkowski发表声明称："加密货币终于到了快速发展、成本低、安全 且规模化的阶段。这是Klarna在加密货币领域的开始。" 报道还提到，该公司在9月上市后的首个季度报告中，超越了分析师的收入预期。 与此同时，欧洲央行在《金融稳定评估》中警告称，稳定币可能从欧元区银行吸走宝贵的零售存款，而 一旦发生"挤兑"，可能对全球金融体系的稳定产生深远影响。该行指出，稳定币的设计用途是作为价值 储存和跨境支付工具，但其实际主要用途是购买加密资产。 路透社报道称，Klarna是一家从事分期付款业务的公司，同时也是欧洲最大的金融科技公司之一，其最 大的用户群在美国。作为加密货币领域的新进入者，Klarna的目标是提供一个快速、便宜的支付解决方 案，挑战传统银行业务；与PayPal和Stripe近期的动作一致，此举正值全球监管机构强化数字资产规范 之时，Klar ...

Klarna has launched KlarnaUSD, its first stablecoin and the first bank-issued token to debut on Tempo, a new payments-focused blockchain built by Stripe and Paradigm.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. ...

Key Takeaways KLAR unveils KlarnaUSD, a dollar-pegged stablecoin marking its move into crypto payments.The token uses Tempo and Bridge to help cut cross-border payment costs and improve efficiency.KLAR aims to diversify beyond BNPL as it expands into tokenized payments.Klarna Group plc (KLAR) has introduced KlarnaUSD, its very first stablecoin, a digital token pegged to the U.S. dollar. This marks its serious entry into the crypto payments space. Built on Tempo, a blockchain co-developed by Stripe and Parad ...

Swedish fintech giant Klarna is entering the stablecoin market, marking one of its biggest strategic shifts since going public. The company said on Tuesday that it will launch a U.S. dollar-backed token called KlarnaUSD, positioning the move as a step toward faster and cheaper global payments at a time when the stablecoin sector is expanding under growing regulatory scrutiny. Klarna has more than 114 million users and processed $112 billion in gross merchandise value over the past year, giving it the scale ...