Corpay is partnering with digital asset platform BVNK to provide its global customer base with a stablecoin wallet and settlement capabilities.
The integration allows Corpay’s clients to view digital asset balances alongside traditional fiat accounts.
Customers can use an embedded stablecoin wallet to send, receive, store, and convert stablecoins directly within the platform.
This setup gives corporate users access to payment networks that operate outside standard banking hours.
Corpay will also use stablecoin rails for its own treasury operations to reduce reliance on pre-funded accounts and improve capital efficiency across its global network.
Corpay processes more than US$12 billion in corporate payments and $26 billion in foreign exchange monthly across over 145 currencies for 800,000 clients.
Adding a stablecoin wallet expands its payment network to offer more options for domestic and cross-border transactions.
“At our scale, the ability to move liquidity quickly and reliably is critical,”
said Mark Frey, Group President of Corpay Cross-Border Solutions.
He noted that stablecoins introduce a continuous settlement capability that strengthens the company’s existing infrastructure.
“We believe stablecoins are reshaping the foundation of global payments,”
said Jesse Hemson-Struthers, CEO of BVNK.
“Corpay’s scale and reach make them an ideal partner to bring these capabilities into the mainstream.”
Featured image credit: Edited by Fintech News Switzerland, based on image by patcharaporn1984 via Magnific
