Payments firm Corpay (CPAY) has partnered with BVNK to add stablecoin wallets and settlement capabilities for its global corporate clients. The integration allows customers to view stablecoin balances alongside fiat, and to send, receive, store, and convert stablecoins through embedded wallets. Corpay will also use stablecoin rails in its own treasury operations to improve capital efficiency, reduce reliance on pre-funded accounts, and facilitate fund movement across its global footprint. Additionally, Corpay added blockchain-based settlement via JPMorgan’s Kinexys private blockchain and BVNK’s infrastructure for select corridors. These additions complement existing rails like SWIFT, Corpay’s iACH network, and real-time local payment schemes. Other payment firms, including Stripe and Worldpay, are similarly adopting stablecoin rails. Stablecoin volumes have grown significantly, with over $1.2 trillion in transaction volume over the past 30 days, up from $733 billion a year ago.

Key facts

• Corpay adds stablecoin wallets and settlement via BVNK for corporate clients.
• Corpay will use stablecoin rails to improve capital efficiency and reduce pre-funded accounts.
• Blockchain settlement added via JPMorgan’s Kinexys and BVNK for select corridors.
• Other payment firms like Stripe and Worldpay also adopt stablecoin rails.
• Stablecoin transaction volume exceeds $1.2 trillion in the past 30 days.

KeyAudit data perspective