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S&P 500 payments firm Corpay taps BVNK to add stablecoin wallets for global customers

The Block
Corpay has partnered with BVNK to integrate stablecoin wallets and settlement capabilities into its global payments platform for corporate clients.

Summary

Corpay, Inc., an S&P 500 payments company, is partnering with infrastructure platform BVNK to integrate stablecoin wallets and settlement technology. This initiative allows Corpay's 800,000 clients to store, convert, and transfer stablecoins alongside fiat currency. Additionally, Corpay aims to utilize stablecoin rails to optimize treasury operations by reducing reliance on pre-funded accounts and improving liquidity movement globally.

(Source:The Block)