During the Money20/20 event, Coinbase and Thunes announced a partnership aimed at transforming cross-border transfers through digital assets. Under the agreement, Coinbase will enhance Thunes’ stablecoin infrastructure, while Thunes will integrate its Direct Global Network into the exchange’s platform to enable real-time fiat settlements across billions of bank accounts and mobile wallets.
Stablecoin infrastructure meets global fiat payouts.
We’re partnering with @ThunesPayments to connect stablecoins with local bank accounts and mobile wallets around the world.
Coinbase powers Thunes’ stablecoin infrastructure.
Thunes expands Coinbase’s fiat payout reach. pic.twitter.com/fjgUhPKdmp
— Coinbase Developer Platform (@CoinbaseDev) October 19, 2026
This integration seeks to accelerate real-world adoption of stablecoins by directly bridging traditional finance (TradFi) with blockchain technology. The solution will optimize payments to corporate suppliers, instant settlements for gig economy workers, and international remittances, ensuring direct access to local payment methods in underbanked emerging markets.
As a next step, both entities will move forward with the technical deployment of these cross-payment gateways to broaden currency coverage and reduce global intermediation costs.
Source: https://x.com/CoinbaseDev/status/2112213325249733062
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