Klarna, after facing stock pressure post-earnings report, launches KlarnaUSD stablecoin to improve profitability. The move targets high-fee payment processing giants with a new blockchain-based payment infrastructure. This strategic initiative aims to reduce operational costs and disrupt the global financial system, focusing on cross-border transaction fees and outdated payment rails. Klarna’s massive user and merchant network provide the scale needed for industry impact.
Read more at Yahoo Finance: A Plan to Fix Its Profit Problem
