Cross-border payment infrastructure company Thunes announces expansion of stablecoin settlement capabilities by connecting to the Swift network

ChainCatcher news, according to Prnewswire, cross-border payment infrastructure company Thunes announced that by connecting to the Swift network, it has extended stablecoin settlement capabilities to 11,500 banks worldwide, achieving interoperability between the traditional financial system and digital assets.

Enterprises and financial institutions can use Thunes' network to settle stablecoin payments directly into bank accounts connected to Swift, without the need for additional off-chain conversion processes. This solution aims to reduce the friction cost of cross-border payments and improve settlement efficiency.