Coinbase Integrates Thunes for Global Stablecoin Payouts

Coinbase Expands Stablecoin Reach via Thunes Partnership

Coinbase is integrating with Thunes, a global payment network, to facilitate stablecoin payouts to an estimated 78+ billion bank accounts and 470+ mobile wallets worldwide. The partnership, announced today, focuses on expanding access to cross-border payments and remittances using USD Coin (USDC) and other stablecoins.

The core benefit is increased accessibility. Thunes specializes in connecting businesses to local payment systems, including those in emerging markets where traditional banking infrastructure is underdeveloped. This means Coinbase users can potentially send stablecoin-based payments to recipients in regions previously difficult to reach through conventional channels.

While details on specific implementation timelines and fees were not immediately available, the move aligns with Coinbase’s broader strategy to build out its payment capabilities. The exchange has been actively seeking ways to leverage stablecoins for faster, cheaper, and more efficient international transfers. This integration with Thunes represents a significant step in that direction, potentially unlocking new use cases for USDC and other stablecoins within the Coinbase ecosystem.

The partnership is expected to benefit both businesses and consumers by providing a wider range of payout options and reducing the friction associated with cross-border transactions. Further details regarding supported currencies and geographic availability will be released as the integration progresses.

Source: Bitcoin.com News