Coinbase and Thunes Plan Bank and Mobile Wallet Payouts

Coinbase and Thunes plan to connect Coinbase’s stablecoin services with Thunes’ payout network, aiming to make bank accounts and mobile wallets available as destinations for cross-border payments.

Coinbase would provide the stablecoin technology, while Thunes would supply local payout connections. The partnership focuses on reaching the account or wallet a recipient uses, a separate step from accepting a stablecoin payment.

The companies have not specified a launch date or identified the markets the planned connection will cover.

Coinbase also has a separate partnership with Citigroup for business payment acceptance. That arrangement would link Coinbase’s stablecoin payment infrastructure with merchant services and convert stablecoin receipts into fiat currency. The Thunes partnership focuses on access to bank account and mobile wallet payouts.