thunes

According to Prnewswire, the cross-border payment infrastructure company Thunes announced the extension of stablecoin settlement capabilities to 11,500 banks worldwide by connecting to the Swift network, achieving interoperability between the traditional financial system and digital assets.Businesses and financial institutions can settle stablecoin payments directly to bank accounts connected to Swift through Thunes' network, without the need for additional off-chain conversion processes. This solution aims to reduce friction costs in cross-border payments and enhance settlement efficiency.

ChainCatcher news, cross-border payment infrastructure provider Thunes announced a strategic partnership with Circle to launch a stablecoin-driven liquidity management solution. This will enable members of the Thunes Direct Global Network to fund and execute cross-border transactions using USDC, allowing for faster transfers that can be completed in just a few seconds, seven days a week.

ChainCatcher news, according to Caixin, cross-border payment infrastructure provider Thunes announced a joint launch with China Construction Bank of a cross-border payment and receipt solution based on digital RMB as the application carrier for customers. This solution includes scenarios for receiving digital RMB payments for cross-border e-commerce exports and remitting digital RMB for personal study abroad.

ChainCatcher news, cross-border payment network Thunes announced the completion of a $60 million Series C funding round, led by Marshall Wace, with participation from Bessemer Venture Partners and Southeast Asian private equity firm 01Fintech. The funds will be used to explore new markets and enhance the efficiency of its payment network.It is reported that since 2021, the coverage of its mobile wallet network has quadrupled to 3 billion accounts, connecting 4 billion bank accounts globally and processing transactions worth approximately $50 billion, of which 90% are instant transactions. (source link)