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Industry Moves: Paxos Acquires Fordefi; Klarna Launches Stablecoin
11/25/2025, 15:07
AI SUMMARY
●• Paxos acquires wallet startup Fordefi in deal valued over $100M
●• Klarna announces USD stablecoin on Stripe-backed Tempo blockchain
●• Moves highlight growing institutional consolidation and payment integration
Stablecoin issuer Paxos has acquired crypto wallet startup Fordefi in a deal valued at over $100 million. Fordefi specializes in institutional wallet solutions for DeFi, signaling Paxos's intent to expand its infrastructure capabilities.
In the payments sector, Buy Now Pay Later giant Klarna announced a USD stablecoin on Stripe and Paradigm's Tempo blockchain, aiming to reduce payment processing costs.
These developments highlight a continued trend of consolidation among infrastructure providers and the integration of stablecoins into mainstream fintech applications.