Empire

Klarna Launches A Stablecoin, Hyperliquid Perps & The Prediction Market Wars | Weekly Roundup

27 snips
Nov 28, 2025
Dive into the exciting world of crypto as Klarna unveils its new stablecoin, KlarnaUSD, aimed at revolutionizing merchant operations. The discussion shifts to the competitive landscape of prediction markets with Robinhood's latest moves and the potential showdown between Polymarket and Calsha. Hyperliquid introduces equity perpetual contracts, prompting a debate on market risks and hedging challenges. With insights on crypto venture capital and the quality of founders today, this week is packed with perspectives on fintech and crypto innovation!
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INSIGHT

Klarna Targets Merchant Adoption

  • Klarna launched KlarnaUSD on Stripe/Tempo to enable faster, cheaper cross-border payments and merchant settlement.
  • Rob Hadick highlights this as a merchant-adoption play that could put stablecoins into merchant hands and expand Klarna's TAM.
INSIGHT

Treasury Efficiency Drives Adoption

  • Stablecoins offer treasury and capital-efficiency benefits for global firms moving money across entities and rails.
  • Rob Hadick says large corporates can gain capital uplift and fee savings by settling internally with stablecoins.
ADVICE

Plan For Full‑Stack Competitors

  • Expect many fintechs and banks to issue stablecoins; treat Stripe/Bridge as a dominant full-stack competitor.
  • Prepare to compete on integration, verification, and bundled services, not just on issuance costs.
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