Coinbase Expands Stablecoin Payments to 140 Countries with Thunes Partnership
Key Summary
Coinbase has partnered with Thunes to expand stablecoin payments to 140 countries, enabling faster and more secure bank and mobile-wallet payouts for its users. The partnership combines Coinbase's stablecoin infrastructure with Thunes' global payment network, supporting international remittances, corporate supplier payments, and payouts to gig economy workers.
Precedent & Market Context
Coinbase has been expanding its services beyond crypto trading into payments infrastructure, seeking to make stablecoins more practical for businesses and consumers moving money internationally. Thunes, a global payments infrastructure provider, has also been expanding its digital asset partnerships, joining Circle's Payments Network earlier this year to support stablecoin settlement while maintaining traditional fiat payment workflows.
Main Event
Coinbase has partnered with Thunes to expand stablecoin payments and enable international payouts directly to local bank accounts and mobile wallets. The collaboration will combine Coinbase's stablecoin infrastructure with Thunes' global payment network, which supports transactions across more than 140 countries and 90 currencies.
Under the agreement, Coinbase will integrate Thunes' Direct Global Network into its platform, giving customers access to local clearing systems and alternative payment methods, including in regions with limited banking infrastructure.
Analysis & Market Impact
The partnership comes as Coinbase seeks to make stablecoins more practical for businesses and consumers moving money internationally. Thunes' infrastructure connects more than 12 billion mobile wallets, stablecoin wallets, and bank accounts, alongside 15 billion cards through over 220 payment methods.
The company also holds more than 50 payment licenses worldwide, providing the regulatory infrastructure needed to facilitate international transactions across multiple jurisdictions.
Implications & Outlook
The partnership will support international remittances, corporate supplier payments, and payouts to gig economy workers, connecting stablecoin transfers with traditional financial systems.
Last-mile connectivity is a key part of this, and working alongside Thunes allows us to deliver an end-to-end payment experience that offers faster, friction-free payouts across more countries and currencies than ever before,