Swedish fintech giant Klarna has announced the launch of its stablecoin, KlarnaUSD, aimed at reducing cross-border payment costs. The stablecoin is deployed on Stripe's proprietary blockchain and is expected to significantly lower payment costs for both consumers and merchants. According to insiders, KlarnaUSD will enable large global fund transfers to bypass traditional intermediaries like Swift, thereby reducing internal settlement costs. The stablecoin will gradually be made available to merchants and general users.