Coinbase partners with Thunes for global stablecoin payouts

Coinbase is working with Thunes Payments to connect its stablecoin infrastructure to local bank accounts and mobile wallets worldwide, so stablecoins sent across borders can land somewhere recipients can actually spend them. Under the partnership, announced at Money20/20 USA, Coinbase will integrate Thunes' Direct Global Network for real-time "last-mile" delivery to billions of mobile wallets and bank accounts in 140+ countries, including hard-to-reach regions with limited banking infrastructure.

• Coinbase will also power Thunes' stablecoin infrastructure, letting Thunes embed stablecoins deeper across its network
• Targets use cases from enterprise supplier payments and gig-worker payouts to international remittances
• Extends Coinbase's stablecoin partnership push, following deals with Citi, Moov, Stablecore and Yuno