Global payments network Thunes has announced a collaboration with Circle, the issuer of regulated stablecoins USDC and EURC.
This partnership aims to enhance stablecoin liquidity management in cross-border payments.
It enables members of Thunes’ global network to fund and settle international transactions using USDC, enabling faster transfers that can be processed within seconds, any day of the week.
By utilising USDC, Thunes aims to reduce capital costs and improve liquidity for its network participants.
Regulated stablecoins like USDC act as a bridge between traditional fiat and digital currencies, offering a more stable medium that helps mitigate volatility and enable quick, traceable payments.
Leveraging blockchain’s immutability and traceability, these transactions provide a more secure and efficient avenue for businesses to facilitate payments across global markets.
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. 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.”
said Jeremy Allaire, Co-founder and CEO of Circle.
Featured image credit: Edited from Freepik
