# Coinbase Partners With Thunes to Expand Stablecoin Payout Infrastructure The collaboration connects blockchain-based stablecoin transfers to billions of global bank accounts and wallets. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-10-20 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/a1e7100a-ba68-423f-8103-2c89b6e4000b ## Strategic Integration Announced Coinbase announced a partnership with Singapore-based Thunes on October 19 at the Money20/20 USA event in Las Vegas. This agreement integrates Thunes’ Direct Global Network into Coinbase’s infrastructure. The primary objective is to bridge the gap between blockchain-based stablecoin transfers and traditional local payment systems for businesses and consumers worldwide. ## Last-Mile Delivery Mechanism Thunes will manage the critical last-mile delivery phase, ensuring funds reach recipients' bank accounts or mobile wallets in real time. This capability is particularly vital for regions with limited banking infrastructure. By leveraging this network, Coinbase aims to deliver an end-to-end payment experience that is both faster and friction-free. ## Scope of Global Reach The Thunes network currently spans over 140 countries and supports more than 90 currencies. It connects approximately 12 billion mobile wallets, stablecoin wallets, and bank accounts. Furthermore, the platform lists over 220 payment methods, including regional services like M-Pesa in Kenya, GCash in the Philippines, and WeChat Pay HK. ## Stablecoin Utility Expansion Coinbase will provide the stablecoin infrastructure necessary for Thunes to deepen its token integration. These digital assets, designed to track external references like the U.S. dollar, facilitate value transfer through blockchain networks. The companies intend to utilize these capabilities for overseas supplier payments, gig worker earnings, and international remittances. ## Recent Institutional Collaborations This partnership follows several strategic moves by Coinbase to integrate stablecoins into traditional finance. On September 28, Coinbase expanded its collaboration with Citi, allowing corporate customers to accept stablecoins while receiving traditional currency. Additionally, a September 10 agreement with Moov targets over 1,000 community banks and credit unions for merchant acceptance. ## Thunes Network Growth Thunes has actively expanded its own stablecoin capabilities through various industry partnerships. Notably, the company announced a collaboration with Mastercard Move on November 13, 2025. This initiative incorporates a Pay-to-Stablecoin-Wallets solution, providing banks and payment providers with a new destination for transfers alongside traditional bank accounts, cards, and cash. ## Swift Network Connectivity Since March 17, Thunes has offered its Pay-to-Stablecoin-Wallets service through existing Swift connections. This integration allows 11,500 institutions on the Swift network to send real-time payments in USDC or USDT to over 500 million stablecoin wallets. This development requires no additional integration, significantly lowering the barrier for traditional banks to adopt. ## Future Payment Implications The partnership signifies a shift toward normalizing stablecoins as a standard medium for cross-border settlement. By combining Coinbase’s crypto-native infrastructure with Thunes’ extensive local payout network, the firms address the friction inherent in international transactions. This model likely sets a precedent for how digital assets will interact with legacy banking systems. ## Sources covering this story - https://news.bitcoin.com/exchanges/coinbase-taps-thunes-link-stablecoins-billions-accounts/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._