Thunes & Circle rollout stablecoin-led liquidity management solution

By Gloria Mathias

Thunes has announced a strategic collaboration with Circle, a global digital financial technology firm that issues stablecoins USDC and EURC through its regulated entities, to accelerate innovation in stablecoin liquidity management.

The alliance empowers Members of Thunes’ Direct Global Network to fund and execute cross-border transactions using USDC, enabling faster transfers in mere seconds seven days a week. USDC settlements boost liquidity and reduce capital costs for Thunes’ Members.

Regulated stablecoins, such as USDC, are upgrading the financial and payments ecosystem, acting as a bridge between traditional fiat currencies and digital assets. They offer a reliable medium for enhancing liquidity in payments, mitigating volatility, and facilitating seamless, near-instantaneous transactions across global markets. Such stablecoins leverage the speed, immutability, and traceability advantages of blockchain technology, making them a new essential financial tool for businesses and individuals.

As an early adopter of this technology, Thunes will use the power of stablecoins to optimise cross-border transactions, deliver faster, more cost-effective payment solutions and create new opportunities for the growth of its Direct Global Network members.

Floris de Kort, Thunes’ CEO, shared, “At Thunes, we are constantly innovating to ensure our Direct Global Network is accessible, fast, safe, and cost-effective. Settlements made with stablecoins provide exactly these four things. Working with Circle will provide real-time, 24/7 funding for our Members, with the speed of USDC settlement, as we look to accelerate cross-border payments innovation further.”

“Partnering with Thunes is an exciting expansion for USDC as a reliable and efficient cross-border payments settlement solution,” said Jeremy Allaire, Co-founder and CEO of Circle. “Circle’s collaboration with Thunes demonstrates the transformative power of digital dollars to enable secure, transparent money movement at the speed of the internet. USDC makes seamless cross-border transactions easier for companies and individuals, unlocking new economic opportunities and reducing friction in global financial transactions.”