Thunes Expands Stablecoin Settlement via Swift Network

Thunes, a cross-border payment infrastructure company, has announced the extension of its stablecoin settlement capabilities to 11,500 banks worldwide through the Swift network. According to ChainCatcher, this integration aims to bridge the gap between traditional financial systems and digital assets. Businesses and financial institutions can now settle stablecoin payments directly into bank accounts connected to Swift without the need for additional off-chain conversion processes. This initiative is designed to reduce the friction costs associated with cross-border payments and enhance settlement efficiency.