#稳定币发展 Looking back at the development of stablecoins, I’ve witnessed the evolution from the early days of USDT to the emergence of various innovative models today. The payments giant Klarna plans to launch a stablecoin in 2026, choosing to issue it on the emerging Tempo blockchain, with backing from Paradigm and Stripe—this is truly eye-catching.

This reminds me of the sensation caused in 2019 when Facebook (( now Meta )) announced the Libra project. At that time, a traditional financial giant was also entering the crypto space, attracting huge attention and controversy. However, Libra ultimately folded under regulatory pressure, providing a valuable lesson for the industry.

Klarna’s move shows that, despite turmoil like the Luna/UST collapse, traditional financial institutions’ interest in stablecoins hasn’t waned. On the contrary, they have learned from past lessons, opting for more prudent issuance methods and underlying technologies. This may signal that the integration of stablecoins and traditional finance is entering a new phase.

Of course, any innovation faces challenges. We should closely watch whether Klarna’s attempt can achieve breakthroughs in regulation, technology, and market adoption. History tells us that truly successful projects often need to strike a balance between innovation and caution. Let’s wait and see if this veteran payments company can write a new chapter in the development of stablecoins.