Klarna Explores Crypto Wallets with Stripe’s Privy, Eyes $112B Market Potential

- Klarna teams up with Stripe’s wallet infrastructure platform, Privy, for crypto wallet development. - KlarnaUSD stablecoin aims to cut cross-border payment costs on Tempo blockchain. Global payments leader Klarna, which serves 114 million users, is partnering with Stripe's wallet infrastructure platform, Privy, to explore mainstream crypto wallet solutions. This move marks Klarna's deeper foray into digital assets. On December 11, 2025, The Block reported the partnership, which highlights Klarna's effort to integrate blockchain technology into its mainstream financial products that handle $112 billion in annual gross merchandise volume. This initiative follows Klarna's recent announcement of KlarnaUSD, a U.S. dollar-backed stablecoin issued on Stripe’s Tempo blockchain. The stablecoin currently operates on Tempo’s testnet, with a planned transition to the mainnet in 2026. By using Tempo’s capabilities, Klarna aims to address key issues in global payment infrastructure and offer users a secure, scalable, and efficient solution for money transfers. Klarna’s CEO, Sebastian Siemiatkowski, who once expressed skepticism toward cryptocurrencies, now highlights the maturity of blockchain technology. He stated, “It’s fast, low-cost, secure, and built for scale.” With this technology, Klarna positions itself to bridge the gap between early adopters and the mainstream market. Privy plays a pivotal role in this project, as the platform supports over 100 million accounts and 1,500 developers, including clients like OpenSea and Hyperliquid. Privy’s CEO, Henri Stern, noted that partnering with Klarna aligns with his company’s mission to collaborate with innovative fintech firms on breakthrough solutions. However, Klarna clarified that this initiative is currently in the research and development phase, and any future wallet launches will be subject to regulatory approval. The company promises to provide further updates on its crypto roadmap. According to market data, Hyperliquid (HYPE) was trading at $27.518 as of 15:08 UTC on December 11. This price reflects a 5.34% drop in 24-hour trading volume.