Singapore payment firm Thunes and US cryptocurrency firm Coinbase announced Monday a strategic collaboration to drive the next generation of global payments.
By bringing together two established leaders across fiat and digital asset ecosystems, the partnership kicks off a unified infrastructure that empowers both companies to scale and deliver frictionless payment experiences globally, Thunes said in a statement.
As Coinbase powers Thunes’ stablecoin infrastructure and Thunes powers Coinbase’s global fiat reach, this alliance will further help accelerate the real-world adoption of stablecoins.
By combining Coinbase’s broad suite of stablecoin solutions with Thunes’ network, the companies are unlocking seamless cross-border money movement across diverse use cases ranging from enterprise supplier payments and global gig worker payouts to instant international remittances.
Under the agreement, Coinbase will integrate Thunes’ Direct Global Network into its platform, creating direct payout access to local clearing systems and alternative payment methods.
Thunes will provide real-time, ‘last-mile’ delivery to billions of mobile wallets and bank accounts worldwide, allowing Coinbase customers to send funds across more countries and currencies, including hard-to-reach regions with limited banking infrastructure.
Coinbase will power Thunes’ stablecoin infrastructure through its broad suite of stablecoin solutions, enabling Thunes to integrate stablecoins more deeply across its global network. This infrastructure will support Thunes’ expansion within the digital asset ecosystem.
“Digital assets have become a core part of our financial ecosystem, but connecting digital currencies to fiat and local domestic financial systems remains essential for real-world utility. Thunes serves as the crucial bridge connecting traditional finance, mobile wallets, and digital assets,
“Together with Coinbase, we are enabling seamless fully compliant cross-border payouts, anywhere in the world,” said Chloé Mayenobe, Deputy Chief Executive Officer at Thunes.
Alec Lovett, Head of Infrastructure Products at Coinbase, said digital assets and stablecoins are revolutionizing how value moves worldwide, and at Coinbase the are focused on unlocking their full potential.
“Last-mile connectivity is a key part of this, and working alongside Thunes allows us to deliver an end-to-end payment experience that offers faster, friction-free payouts across more countries and currencies than ever before,” he added.
Kyle Rosen, Head of North America at Thunes, said their collaboration with Coinbase reflects the massive momentum Thunes is building as the cross-border infrastructure of choice for leading US businesses across financial services, payments, fintech, and digital assets.
“As Coinbase integrates our global network to power payouts for its users, we’re demonstrating how seamless cross-border rails can connect digital assets to traditional finance. Together, we’re delivering the speed, scale, and reliability US businesses need to power global growth,” he added.