According to ChainCatcher, citing Prnewswire, cross-border payment infrastructure company Thunes announced that by connecting to the SWIFT network, it will extend its stablecoin settlement capabilities to 11,500 banks worldwide, enabling interoperability between the traditional financial system and digital assets.
Businesses and financial institutions can use the Thunes network to directly settle stablecoin payments to bank accounts connected to SWIFT, without requiring additional off-chain conversion processes. This solution aims to reduce friction costs in cross-border payments and improve settlement efficiency.
