Klarna unveils stablecoin

To bear in mind, bying a stable coin from a provider is like depositing monies in a bank to a large extent outside regulation, without strict equity and liquidity requirements and lacking a regulated governance structure. Manage your holder risk by limiting your amount exposure and spend it rapidly e.g. for payment. Be sure to check the acceptance level bearing in mind your shopping habits and try out how and at what cost you can redeem back to "fiat", before starting any extensive use. Stable coins can strive to be new payment systems that will have to run in parallell with the existing systems for years to come in order to attract payers and payees. Existing systems have the market and revenue streams to protect while stable coins, like any challengers, need to be financed by the owners before any significant revenue can be earned. All this in price competition witrh the "incumbents". A question is: How many stable coin payment system does the market need? Regarding card payments we have two dominant commercial global systems, a number of smaller, niche card schemes and some domestic regulated schemes in heavily regulated / closed markets.  It took the "cards" market some +60 years to arrive at its present state and it will take some time also for stable coins to evidence their neccessity to the market in competition with existing payment systems and sort out the winning ones.