Stable, genius? ⚖️

As long-time crypto critic Klarna joins the fold with its own stablecoin, the ECB reiterates warnings over the "stability risks" posed by the digital assets.

Author

Stephen Graves
November 25, 2025

📝 What you need to know

Swedish “buy now, pay later” fintech firm Klarna has launched its own stablecoin on the Tempo blockchain, in a remarkable volte-face for a company whose own press release acknowledges that its CEO was “once a vocal crypto skeptic.”

The firm touts the potential of stablecoins to “dramatically reduce costs for both consumers and merchants,” but while a growing list of firms are embracing the technology, central banks remain decidedly down on the idea.

In a new report, the European Central Bank has doubled down on its warnings of the risks associated with stablecoins, painting them as a threat to financial stability in the event of “spillovers” from a run on stablecoins.

Klarna Will Launch Stablecoin on Tempo in Effort to 'Challenge Old Networks'

Klarna, a Swedish fintech company that provides “buy now, pay later” services, is launching its own stablecoin on layer-1 network Tempo.

📰 In the News

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 💬 Quote of the Day

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“Given the importance of stablecoins in the crypto ecosystem, a large adverse stablecoin shock would be detrimental for crypto markets. However, other market segments could also be affected through spillovers and second-round effects, including those arising from wealth effects and interconnections with traditional finance.”

The authors of a new ECB report on stablecoins remain skeptical of the technology

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📚 Watch and Learn

📹️ WATCH: Crypto is GREEN! MON launches at $3.9Billion FDV!

Crypto majors rallied alongside a broad market surge, with BTC up 2% to $87,400, ETH up 4% to $2,920, BNB up 1% to $850, and SOL up 5% to $136, while KAS (+22%), ENA (+13%), and SUI (+11%) led the day’s top movers.

🎓️ LEARN: What Is Tempo? The Payments and Stablecoin Blockchain Built by Stripe

Payments giant Stripe is helping build Tempo, a layer-1 blockchain focused on payments and stablecoins. Here's what you need to know.

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