Seeing Klarna's move, I have a few heartfelt words to say. The BNPL giant launching a stablecoin wallet sounds glamorous on the surface—"integrating crypto into daily life," "trusted by millions"—but I must remind everyone, I've heard this rhetoric too many times.

The key question is: what does it usually mean when traditional financial giants make a high-profile entry into the stablecoin space? It often signals that market enthusiasm is at its peak, and it also means the opportunity for quick gains—like harvesting the chives—has arrived. I’ve suffered this kind of loss before; watching some projects go from "revolutionary" to "zero" is often during these big institutional endorsements and information bombardments.

Klarna has a European banking license, which definitely adds points. But the essence of stablecoins still involves centralized risk—price stability doesn’t equate to platform security. User assets are held in the hands of others; if policy changes or internal issues occur, who bears the consequences?

My advice is straightforward: if you’re attracted by this "big company + stablecoin" combo punch, first calmly ask yourself three questions. One, do you really need this wallet, or is it just FOMO? Two, do you understand the security mechanisms and risk commitments involved? Three, are you going to be hit with hidden fees again? History has shown me that the more polished the entry point looks, the more you should be cautious of the underlying logic. The stablecoin market may seem stable, but participants’ mindsets are often the least stable.