S&P 500 payment giant Corpay integrates BVNK’s stablecoin infrastructure, reaching over 800,000 corporate customers

According to The Block, Corpay (NYSE: CPAY), a S&P 500 constituent and payment services provider, announced a partnership with stablecoin infrastructure platform BVNK to integrate stablecoin wallet and settlement capabilities into its global payments network. Users will be able to directly store, exchange, and transfer stablecoins via the Corpay platform, with stablecoin balances displayed alongside fiat currency balances. Additionally, Corpay will integrate stablecoin payment rails into its treasury management operations to reduce reliance on pre-funded accounts and enable 24/7 settlement. Corpay currently processes over $12 billion in corporate payments per month and handles approximately $26 billion in foreign exchange transactions monthly, supporting more than 145 currencies.