Mastercard, Thunes expand stablecoin wallet payouts worldwide

Mastercard Move currently supports over 200 markets and 150 currencies.

Mastercard and cross-border payments platform Thunes have partnered to expand stablecoin wallet payout capabilities, aiming to speed up global money transfers for banks, payment providers, and end-users. 

The collaboration was announced at the Singapore Fintech Festival.

Through the partnership, Mastercard Move will support near real-time payouts to stablecoin wallets via Thunes’ Direct Global Network, leveraging the speed, liquidity, and 24/7 availability of regulated stablecoins. 

Mastercard Move already enables transfers to bank accounts, cards, and cash, and stablecoin wallets will now offer an additional payout option.

Key benefits include near real-time transfers, expanded payout options alongside accounts, cards, and cash, and improved financial inclusion in underserved markets by mitigating currency volatility and lowering barriers to access.

Mastercard Move currently supports over 200 markets and 150 currencies, reaching more than 95% of the world’s banked population.