
Corpay adds stablecoin wallets through BVNK deal
Corpay partnered with BVNK to introduce stablecoin wallets and blockchain settlement capabilities for corporate customers moving money across borders.
The integration will allow Corpay clients to hold, send, receive and convert stablecoins alongside traditional fiat balances through embedded digital wallets within the company’s payments platform.
Corpay said it would also use stablecoin rails internally across its treasury operations to improve capital efficiency, reduce reliance on pre-funded accounts and move liquidity more efficiently across its global network.
The company has additionally integrated blockchain-based settlement infrastructure through JPMorgan’s Kinexys private blockchain alongside BVNK’s stablecoin settlement systems across selected payment corridors.
BVNK has emerged as a major infrastructure provider for payment companies adopting stablecoin settlement, with Mastercard agreeing earlier this year to acquire the company for up to $1.8 billion.
Visa has also partnered with BVNK to support stablecoin funding and payouts through Visa Direct as competition intensifies around blockchain-based cross-border payment infrastructure.
The growing adoption reflects increasing operational use of stablecoins across treasury management and international settlement, with Visa data showing stablecoin transaction volume rose to more than $1.2 trillion over the past 30 days compared with $733 billion a year earlier.