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KlarnaUSD pre-launch stablecoin tracker

KlarnaUSD is Klarna's planned USD stablecoin on Tempo, issued via Bridge (Stripe) Open Issuance; mainnet contracts and reserves pending.

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Pre-launch · no market data yetUSD-PeggedRWA-BackedCentralized

Phase

Testnet

Current launch phase

Target launch

2026

Target drift

–

First target, unchanged

Since announcement

–

Announced Nov 2025

Live surfaces

Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWS

KlarnaUSD testnet stablecoin on Tempo

Klarna's planned USD stablecoin is built on Stripe's Bridge Open Issuance infrastructure for the Tempo L1, and it remains on Tempo's testnet. The November 2025 announcement targeted a mainnet launch in 2026 and cited a base of 114 million customers and $118 billion in annual GMV; no launch date has followed. Tempo's mainnet went live on March 18, 2026 with a Machine Payments Protocol aimed at AI-agent payments and launch partners including Anthropic, Mastercard, Visa and Revolut; Klarna was not among them. World Liberty Financial's USD1 became Tempo's first native stablecoin on May 8. The regulatory groundwork is further along than the product: Bridge received a conditional OCC national bank trust charter in February 2026 that would let it crypto assets, issue stablecoins and manage reserves as a federally regulated entity. Reserve composition, and terms remain unpublished pending mainnet. Since the announcement, Klarna's Q1 and Q2 2026 earnings, Stripe Sessions 2026 partner announcements and Bridge's live issuer list have all omitted KlarnaUSD.

· AI summary · drafted by claude-opus-5-5 · facts as of 2026-11-01

AI policy
KLARNAUSD logo

KLARNAUSD Launch path

Testnet phase, targeting 2026 on its first target; 7 milestones logged since Nov 2025.

Launch status narrative

Tempo mainnet live since March 18 but KlarnaUSD still absent. USD1 (WLFI) launched on Tempo May 8 as first native stablecoin, beating KlarnaUSD to market; Bridge OCC charter approved Feb 2026; KlarnaUSD absent from Bridge Open Issuance live issuer list. Klarna's Q1 2026 earnings (May 14) made no mention of KlarnaUSD, and it was absent from Stripe Sessions 2026 Open Issuance partner announcements. The Q2 2026 call on August 18 was silent on it too. The transcript contains no reference to KlarnaUSD, stablecoins, Tempo, or Bridge. During that quarter Klarna beat on revenue and EPS but cut full-year GMV and revenue guidance on soft German consumer spending, sending the stock down roughly 19% premarket. That leaves no new official KlarnaUSD communication since the Nov 2025 announcement; IPO completed Sep 2025 (NYSE: KLAR), KlarnaUSD in F-1 prospectus as strategic initiative

Registry dates (UTC); a quarter, half or year target draws as its whole window.

Launch status: quick answers

When will KLARNAUSD launch?
Pharos records KLARNAUSD in the testnet phase. It was announced in Nov 2025. The current launch target is 2026. Targets come from issuer statements; Pharos does not estimate launch dates.
Who issues KLARNAUSD?
KlarnaUSD is Klarna's planned USD stablecoin on Tempo, issued via Bridge (Stripe) Open Issuance; mainnet contracts and reserves pending.
Is KLARNAUSD live yet?
Pharos lists KLARNAUSD as pre-launch (the testnet phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
KLARNAUSD logo

KLARNAUSD Activity

  1. Milestone

    Klarna Q2 2026 earnings again make no mention of KlarnaUSD

    Klarna beats on revenue (up 27% year over year) and EPS but cuts full-year GMV and revenue guidance, citing softer German consumer spending and FX headwinds; the stock falls about 19% premarket. The earnings call transcript contains no reference to KlarnaUSD, stablecoins, Tempo, or Bridge, a second consecutive quarter of silence, with the token still on Tempo testnet five months after Tempo mainnet went live.

    Source
  2. Milestone

    Klarna Q1 2026 earnings make no mention of KlarnaUSD

    Klarna reported ~$1B revenue (+44% YoY) and 118M users; the earnings narrative focused on BNPL/GMV with no KlarnaUSD or stablecoin update.

    Source
  3. Milestone

    Tempo mainnet launches; KlarnaUSD not yet migrated from testnet

    Tempo L1 goes live with sub-second finality, Machine Payments Protocol for AI agents, and partners including Anthropic, Mastercard, Visa, and Revolut. Klarna absent from mainnet launch partners.

    Source
  4. Regulatory

    Bridge (Stripe subsidiary) receives conditional OCC national bank trust charter

    Approval enables Bridge to custody crypto assets, issue stablecoins, and manage reserves as a federally regulated entity.

    Source
  5. Announcement

    Klarna announces KlarnaUSD, first bank stablecoin on Tempo

    Built on Bridge (Stripe) Open Issuance infrastructure. 114M customers, $118 billion annual GMV as adoption base.

    Source
Earlier activity (2)
  1. Partnership

    Built on Bridge (Stripe) Open Issuance; first bank token on Tempo blockchain

    Source
  2. Testnet

    Live on Tempo testnet for early integration and prototyping

    Source
7 entries · 7 sourced

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