Swedish BNPL giant Klarna has announced a partnership with Coinbase to accept funding from institutional investors in the form of stablecoins. Klarna's CFO highlighted that stablecoins provide the company with access to new institutional funding sources. This marks a significant shift for Klarna, which has been cautious about the crypto sector in recent years. However, the company has been active in 2025, launching its own stablecoin, KlarnaUSD, in late November and collaborating with wallet developer Privy to explore additional crypto products.