Coinbase Partners With Thunes to Enable Stablecoin Payouts to Bank Accounts and Mobile Wallets Globally
Coinbase announced a partnership with payments network Thunes to connect stablecoin transfers to billions of bank accounts and mobile wallets across 140 countries.
Why it matters
The partnership could expand the practical utility of stablecoins for cross-border payments and remittances by connecting crypto infrastructure to traditional banking and mobile money systems in underserved regions. Its significance depends on execution and adoption.
Key facts
Coinbase announced a partnership with Thunes to connect stablecoin transfers to bank accounts and mobile wallets globally
Reported by Bitcoin.com News
The partnership was announced on October 19 at Money20/20 USA in Las Vegas
Reported by Bitcoin.com News
Thunes' network spans over 140 countries and more than 90 currencies
140 countriesReported by Bitcoin.com News
Coinbase will integrate Thunes' Direct Global Network for payout access to local clearing systems
Reported by Bitcoin.com News
Thunes will handle last-mile delivery of funds to recipients' bank accounts and mobile wallets in real time
Reported by Bitcoin.com News
The partnership targets supplier payments, worker earnings, and remittances
Reported by Bitcoin.com News
Alec Lovett, head of infrastructure products at Coinbase, said last-mile connectivity is a key part of the partnership
Reported by Bitcoin.com News
What happened
Bitcoin.com News reported that Coinbase has partnered with Singapore-based payments network Thunes to integrate Thunes' Direct Global Network, enabling stablecoin payouts to local bank accounts and mobile wallets in over 140 countries and 90 currencies. The agreement was announced on October 19 at Money20/20 USA in Las Vegas. Coinbase's head of infrastructure products Alec Lovett said the partnership addresses last-mile connectivity for faster, friction-free cross-border payouts targeting supplier payments, worker earnings, and remittances. Thunes will handle real-time last-mile delivery including in regions with limited banking infrastructure. As only one outlet covers this story, all claims are attributed to that source.
How the story developed
- Update
Coinbase-Thunes partnership announced
Announced at Money20/20 USA in Las Vegas
- First report
First report by Bitcoin.com News
Coinbase Taps Thunes to Link Stablecoins to Billions of Accounts
- Update
Bitcoin.com News publishes story
First media coverage of the partnership
Affected entities
Also mentioned: USD Coin, Mastercard, Hong Kong, Nasdaq
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Coinbase Taps Thunes to Link Stablecoins to Billions of Accounts | Original |
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