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 digital dollars to enable secure, transparent money movement at the speed of the internet. USDC makes seamless cross-border transactions easier for companies and individuals, unlocking new economic opportunities and reducing friction in global financial transactions.”
