global payment network toons announced a collaboration with circleissuer of regulated stablecoins USDC and EURC.
This partnership aims to strengthen stablecoin liquidity management in cross-border payments.
This enables members of Thunes’ global network to use USDC to fund and settle international transactions, enabling fast transfers that can be processed within seconds, any day of the week.
Thunes aims to use USDC to reduce the cost of capital and increase liquidity for network participants.
Regulated stablecoins like USDC act as a bridge between traditional fiat currencies and digital currencies, providing a more stable medium that reduces volatility and enables fast and traceable payments. I will.
Leveraging the immutability and traceability of blockchain, these transactions provide a more secure and efficient means for businesses to facilitate payments across global markets.
Toons CEO Floris de Court said:
“At Thunes, we are constantly innovating to ensure that the Direct Global Network is accessible, fast, secure, and cost-effective. That’s what we offer.
By working with Circle, we aim to further accelerate innovation in cross-border payments by providing our members with real-time 24/7 funding at the speed of USDC payments. ”
“Partnering with Thunes is an exciting expansion for USDC as a reliable and efficient cross-border payments settlement solution. The Circle and Thunes collaboration enables secure and transparent transfer of funds at the speed of the Internet. This demonstrates the transformative power of the digital dollar.
USDC facilitates seamless cross-border transactions for businesses and individuals, unlocking new economic opportunities and reducing friction in global financial transactions. ”
Jeremy Allaire, co-founder and CEO of Circle, said:
Featured image credit: Edited from freepic
