The collaboration aims to transform stablecoin liquidity management. Credit: Mer_Studio/Shutterstock.

Global money movement network Thunes has teamed up with stablecoin issuer Circle for faster cross-border transactions.

This collaboration aims to revolutionise stablecoin liquidity management, enabling Thunes’ Direct Global Network members to fund and execute cross-border payments using USDC.

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This integration will facilitate transfers within seconds, throughout the week.

Circle co-founder and CEO Jeremy Allaire said: “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.”

By adopting USDC settlements, Thunes’ members can expect improved liquidity and reduced capital costs.

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Regulated stablecoins like USDC serve as a stable medium that bolsters liquidity in payments, and enables rapid transactions worldwide.

The benefits of blockchain technology, such as speed, permanence, and traceability, are harnessed by stablecoins, stated the company.

Thunes CEO Floris de Kort said: “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 further accelerate cross-border payments innovation.”

Thunes’ Direct Global Network facilitates real-time payments across more than 130 countries and in excess of 80 currencies.

The network’s reach extends to over seven billion mobile wallets and bank accounts globally, incorporating more than 320 payment methods including GCash, M-Pesa, Airtel, and many others.

Recently, Thunes enhanced its Direct Global Network, allowing banks to access over three billion mobile wallets globally through existing Swift connectivity.