Klarna is set to launch a stablecoin on the Tempo network as part of its strategy to challenge legacy payment networks. The move signifies the buy-now-pay-later giant's deeper expansion into the cryptocurrency sector, aiming to modernize financial infrastructure. By leveraging Tempo, Klarna intends to improve settlement speeds and reduce costs associated with traditional payment rails. The initiative marks another significant entry by a mainstream fintech player into the stablecoin sector. Decrypt reports that this move is specifically aimed at utilizing blockchain technology to offer a competitive alternative to established financial systems. [Update 1] Reports from Decrypt confirm the launch is intended to utilize blockchain for faster, cheaper settlements, continuing the trend of fintech giants integrating stablecoin infrastructure.