Coinbase Partners with Thunes to Integrate Stablecoins into Billions of Accounts

Coinbase has partnered with Thunes to connect stablecoin transfers with bank accounts and mobile wallets, covering billions of accounts. This collaboration is aimed at vendor payments, gig income disbursement, and international remittances, allowing recipients to receive funds in real-time through bank accounts or mobile wallets. Coinbase will integrate Thunes' Direct Global Network, gaining the ability to receive payments through local clearing systems and alternative payment methods. Thunes is responsible for the last mile of funds entering the recipient's bank account and mobile wallet, with its network covering over 140 countries and 90 currencies. Coinbase will provide stablecoin infrastructure to assist Thunes in incorporating relevant tokens into its operations. Thunes states that its network connects over 12 billion mobile wallets, stablecoin wallets, and bank accounts, covering more than 220 payment methods.

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