Thunes made a significant advancement in cross-border payment processing when it announced that any bank on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) Network could now provide customers with real-time Stablecoin payouts to more than 500 million wallets throughout the globe through its “Pay-to-Stablecoin-Wallets” solution. The new capability requires zero new integrations by leveraging banks’ existing SWIFT connectivity.
How the Thunes-Stablecoin Bridge Works
The Thunes stablecoin payouts bridge solution supports USDC and USDT, allowing financial institutions to process instant, 24/7 cross-border payments (salary payments, remittances, and business payments) directly from a bank account to a stablecoin wallet. Recipients gain immediate access to funds, providing more stability and protection from local currency depreciation.
Thunes serves as a bridge to link the fiat (government-issued) and digital (cryptocurrencies) worlds by supporting SWIFT’s Global Infrastructure Facility (GIF), while using the Thunes Direct Global Network and blockchain-based Stablecoin infrastructures. The launch of “Pay-to-Stablecoin-Wallets” integrates with a series of previous Thunes innovations currently available to financial institutions connected to the SWIFT Network through Thunes, and follows successful implementations of Pay-to-Bank and Pay-to-Wallet solutions.
Deputy CEO Chloé Mayenobe called it a “defining moment for cross-border payments,” noting banks “can now move value instantly across any rail (fiat or stablecoin) within a trusted, compliant network, using their existing Swift connection.”
Why It Is Important
Elie Bertha, the Chief Product Officer of Thunes, stated that “stablecoin’s transition from innovation to mass adoption at scale, matching high customer demand and solving real-life challenges faced by millions… due to currency volatility and a growing need for faster payments.”
The solution is built upon Thunes’ SmartX Treasury System to provide customers with seamless fiat-to-stablecoin liquidity, and its Fortress Compliance Platform to ensure end-to-end security and traceability.
