Coinbase Partners with Thunes to Enhance Global Stablecoin Payments

Coinbase has announced a partnership with Thunes, a global payments infrastructure provider, to expand stablecoin payments and enable international payouts directly to local bank accounts and mobile wallets. This collaboration was unveiled at the Money20/20 USA conference in Las Vegas.

The integration will combine Coinbase’s stablecoin infrastructure with Thunes’ extensive global payment network, which supports transactions in over 140 countries and 90 currencies. Through this agreement, Coinbase will incorporate Thunes’ Direct Global Network into its platform, providing customers access to local clearing systems and alternative payment methods, particularly in regions with limited banking infrastructure.

In exchange, Coinbase will offer its stablecoin infrastructure to Thunes, allowing the Singapore-based payments company to deepen its integration of digital assets within its existing network. This partnership aims to facilitate international remittances, corporate supplier payments, and payouts to gig economy workers, effectively connecting stablecoin transfers with traditional financial systems.

Thunes’ infrastructure connects more than 12 billion mobile wallets, stablecoin wallets, and bank accounts, along with 15 billion cards through over 220 payment methods. The company holds more than 50 payment licenses worldwide, providing the necessary regulatory framework for international transactions across various jurisdictions.

Alec Lovett, Coinbase’s Head of Infrastructure Products, emphasized the importance of last-mile connectivity, stating that the collaboration with Thunes would deliver a seamless payment experience, enabling faster and friction-free payouts across numerous countries and currencies.

This partnership aligns with Coinbase's strategy to expand beyond cryptocurrency trading into payments infrastructure, making stablecoins more practical for businesses and consumers engaging in international money transfers. Thunes has also been enhancing its digital asset partnerships, having joined Circle’s Payments Network earlier this year to support stablecoin settlements while maintaining traditional fiat payment workflows.