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Thunes has joined the Circle Payments Network (CPN) Managed Payments, expanding its push to connect traditional banking, mobile wallets and digital assets across its global payments infrastructure.
The Singapore-headquartered cross-border payments company is a provider of payment network connectivity across more than 140 countries. Through the arrangement, Thunes will offer its customers access to CPN Managed Payments, enabling stablecoin-powered settlement while allowing them to continue operating within existing fiat-based workflows.
The move builds on a partnership established in 2024, when Thunes and Circle began integrating USDC into Thunes' Direct Global Network as early adopters of stablecoin-powered liquidity. That integration was aimed at addressing longstanding friction in cross-border payments, particularly the reliance on pre-funded nostro accounts and the constraints of traditional banking hours.
According to Thunes, the use of USDC for near real-time settlement has delivered round-the-clock liquidity management, freed up working capital previously held in dormant accounts, and connected 12 billion mobile and stablecoin wallets and bank accounts to blockchain rails.
Chloé Mayenobe, Deputy CEO, Thunes
Chloé Mayenobe, Deputy CEO, Thunes said:
"Joining CPN Managed Payments is the natural next step in our journey to make the world's payment systems truly interoperable. Our goal has always been to remove the borders from money movement. By deepening our long-standing collaboration with Circle, we are ensuring that whether a customer uses a traditional bank account in Europe, a mobile wallet in Africa, or digital assets in Asia, the experience is fast, secure, and invisible. We are building the bridge between these universes to support the future of the global economy."
Nikhil Chandhok, Chief Product and Technology Officer, Circle
Nikhil Chandhok, Chief Product and Technology Officer, Circle commented:
"Thunes brings deep expertise in global payment connectivity and operational scale. Their experience operating across diverse payment ecosystems provides valuable input as we continue to develop the Circle Payments Network and expand access to stablecoin-powered settlement for financial institutions globally."
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