Klarna launches stablecoin to cut cost of cross-border payments
Digital token will aimed at merchants moving large sums and may also be offered to consumers
Digital token will aimed at merchants moving large sums and may also be offered to consumers

Shares in European fintech have plunged 70% since September

The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions

Swedish group has been diversifying away from its bread-and-butter model of deferred payment loans

Swedish fintech began trading Wednesday after tariff turmoil halted earlier listing plan

Swedish fintech’s share price has plummeted by two-thirds since September IPO

Country risks missing next phase of mainstream adoption now under way