Klarna–Coinbase partnership brings stablecoin funding to lending on 20 Dec 2025

On 20 December 2025, Klarna entered a partnership with Coinbase enabling institutional investors to fund its lending operations using stablecoins. The arrangement routes capital on-chain into short-term, interest-free consumer loans, with blockchain settlement cited for faster cycles and transparency. The move reflects stablecoins’ shift toward financial infrastructure.