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Hello reader,
Building a global payments superhighway is one thing, but as any logistics expert will tell you, the road is only as useful as the cargo it can carry. In payments, that cargo is increasingly digital.
I’ve covered several payment players in the past year, and stablecoins have popped up in conversations almost every time. They do so again in this edition’s featured story on Thunes, a payments firm based in Singapore.
The company’s CEO, Peter De Caluwe, noted in an opinion piece last month that there’s a need for a “financial translator” that enables instant transfers between fiat and stablecoins, “without the user ever needing to manage private keys or gas fees.”
Thunes fills this gap through its Pay-to-Stablecoin-Wallets solution, which it launched late last year. It has also partnered with firms like Mastercard and Yellowcard to expand its stablecoin capabilities.
In his piece, De Caluwe noted that he considers stablecoin wallets as “the new rail” that handles transactions faster and cheaper than traditional systems. And with Thunes’ fellow payments firms Tazapay and FomoPay also pushing for stablecoin prowess, I’m inclined to believe him.
Thunes’ stablecoin push comes after it logged a 33% increase in revenue in 2024, according to its latest financial statement. We unpack more of the company’s numbers in our full story.
Miguel Cordon, journalist
Top Story
Thunes revenue rises 33% in 2024 as it expands to US, stablecoins
Thunes’ co-founder and CEO Peter De Caluwe / Photo credit: Thunes’ LinkedIn page
Geographical expansion is also on the cards for the company, which has secured 50 operating licenses in the US and is therefore allowed to facilitate cross-border transactions across the country.
Thunes has even fast-tracked this expansion with its acquisition of Tilia, a cross-border payments company in the US.
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