The collaboration between Thunes and Circle will help enable faster transfer of USDC in seconds, helping to boost liquidity and reduce cost.
Thunes announced a strategic collaboration with Circle to accelerate innovation in stablecoin liquidity management.
The alliance empowers Members of Thunes’ Direct Global Network to fund and execute cross-border transactions using USDC, enabling faster transfers in mere seconds, seven days a week. The use of USDC settlements boosts liquidity and reduces capital costs for Thunes’ Members.
“Regulated stablecoins, such as USDC , are upgrading the financial and payments ecosystem, acting as a bridge between traditional fiat currencies and digital assets. They offer a reliable medium for enhancing liquidity in payments, mitigating volatility, and facilitating seamless, near-instantaneous transactions across global markets. Such stablecoins leverage the speed, immutability and traceability advantages of blockchain technology, making them a new essential financial tool for businesses and individuals.
As an early adopter of this transformative technology, Thunes will use the power of stablecoins to optimize cross-border transactions and deliver faster, more cost-effective payment solutions and new opportunities for growth to its Direct Global Network Members.
Floris de Kort, Thunes’ CEO said: “At Thunes, we are constantly innovating to ensure our Direct Global Network is accessible, fast, safe, and cost-effective. Settlements made with
stablecoins provide exactly these four things. Working with Circle will provide real-time,
24/7 funding for our Members, with the speed of USDC settlement, as we look to further
accelerate cross-border payments innovation.”
“Partnering with Thunes is an exciting expansion for USDC as a reliable and efficient
cross-border payments settlement solution,” said Jeremy Allaire, co-founder and CEO of
Circle. “Circle’s collaboration with Thunes demonstrates the transformative power of
