⚡️Singapore-based cross-border payments network Thunes🇸🇬 will enable stablecoin payouts for 11,500 SWIFT-connected banks

⚡️Singapore-based cross-border payments network Thunes🇸🇬 will enable stablecoin payouts for 11,500 SWIFT-connected banks

The solution, called Pay-to-Stablecoin-Wallets, enables real-time payments to 500 million stablecoin wallets worldwide using the existing SWIFT infrastructure — without requiring additional technical integration.

🔺 Supports USDT and USDC in 140 countries.

🔺 The service is built on its proprietary SmartX Treasury System, which manages liquidity in fiat currencies and stablecoins, as well as the Fortress Compliance Platform, ensuring end-to-end security and transaction traceability.

🔺 The stablecoin functionality has been added to existing SWIFT-based solutions, Pay-to-Bank and Pay-to-Wallet. The connectivity model remains the same as in fiat infrastructure.

🔺 Note: the company recently partnered with Absa Group Limited — a South African🇿🇦 banking and financial services group — to launch a new cross-border remittance solution. This enables users in Africa to send and receive funds via the Absa Banking App or the Absa Online platform.

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