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

According to Prnewswire, the cross-border payment infrastructure company Thunes announced the extension of stablecoin settlement capabilities to 11,500 banks worldwide by connecting to the Swift network, achieving interoperability between the traditional financial system and digital assets.

Businesses and financial institutions can settle stablecoin payments directly to bank accounts connected to Swift through Thunes' network, without the need for additional off-chain conversion processes. This solution aims to reduce friction costs in cross-border payments and enhance settlement efficiency.