S&P 500 payments firm Corpay taps BVNK to add stablecoin wallets for global customers
Corpay, Inc. (NYSE: CPAY) said Monday it is partnering with infrastructure platform BVNK to integrate stablecoin wallets and settlement capabilities across its global payments network serving more than 800,000 clients.
The integration enables embedded wallets for storing, converting, and transferring stablecoins, with stablecoin balances displayed alongside fiat balances in Corpay’s platform, the S&P 500 company said in a statement.
According to the statement, Corpay will also integrate stablecoin rails into its treasury operations to reduce the firm's reliance on pre-funded accounts and increase capital efficiency by improving the movement of funds across its global footprint.
Mark Frey, Group President of Corpay Cross-Border Solutions, said the ability to move liquidity quickly and reliably is critical at the company's scale. He added that stablecoins introduce a 24/7 settlement capability that strengthens Corpay's existing infrastructure, with BVNK providing the technology and compliance framework to deliver the service securely.
Based in Toronto, Corpay says it manages accounts for more than 800,000 clients and processes over $12 billion in corporate payments monthly. Its foreign exchange business handles approximately $26 billion in volume every month, supporting more than 145 currencies, per the statement.
Corpay’s move comes as stablecoins continue to expand their role in global payments infrastructure. According to The Stablecoin Utility Report 2026, which surveyed 4,658 adults across 15 countries, 54% of crypto users held stablecoins over the past year, with respondents allocating roughly one-third of their total savings to crypto and stablecoins.
Meanwhile, the total supply of dollar-pegged stablecoins has reached $301 billion, according to The Block’s data dashboard. Tether’s USDT maintains the largest market share with $189.7 billion in circulation, while Circle’s USDC accounts for approximately $79 billion of the total supply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NVIDIA (NVDA.US) management changes may affect Anthropic's IPO plans; the market is watching whether the multi-billion-dollar investment will change
With the sudden departure of Nvidia CEO Jensen Huang, the record-breaking initial public offering plan of AI giant Anthropic is being reconsidered by the market.
Nebius Q3 results exceed expectations, capital expenditure rises to $27 billion, ARR target postponed, stock falls over 14% pre-market | Earnings Report Insights
Nebius reported Q3 revenue of $981 million (a year-on-year increase of 571%) and adjusted EBITDA of $466 million, both exceeding expectations. However, the company delayed and lowered its guidance for annual recurring revenue (ARR), stating that it is no longer applicable. Additionally, it significantly raised its 2026 capital expenditure target to $27 billion, with projections to further increase to $40 billion to $45 billion in 2027. The stock price plummeted more than 14% in pre-market trading.
AUD/USD Price Forecast: Breakdown of H&S pattern keeps the pair under pressure
U.S. Stock Market Preview | Major Index Futures Mixed; Nvidia Plunges Pre-market; Fed Officials' Speeches Incoming
Before the U.S. stock market opens on Thursday, November 12, the three major U.S. stock index futures showed mixed movements.
Crypto prices
More
