Corpay adds stablecoin wallets for global customers

Corpay is the leading corporate payments company, serving over 800,000 clients worldwide and processing $12 billion in corporate payments and $26 billion in foreign exchange monthly across 145+ currencies.

But as stablecoin adoption accelerated in B2B payments, Corpay faced a challenge: some customers were already transacting in stablecoins – just not through Corpay. Fragmenting payments across multiple providers meant lost opportunity for Corpay and operational inefficiency for their customers. The solution was clear: embed stablecoin capabilities directly into the Corpay platform customers already trust.

The challenge: evolving payment rails

For years, Corpay dominated three payment rails – Swift, local clearing systems, and real-time payments. But the market shifted. As blockchain adoption and stablecoin volumes in cross-border B2B payments grew rapidly, Corpay's treasury operations faced a constraint: reliance on pre-funded accounts and traditional banking hours limited capital efficiency and 24/7 settlement capabilities that stablecoins could unlock.

Not integrating meant ceding ground on a growing segment while leaving operational gains on the table.

The solution: embedded wallets

Corpay selected BVNK as its stablecoin infrastructure partner. The integration is straightforward: customers see stablecoin balances alongside fiat in their existing Corpay portal. Embedded wallets enable sending, receiving, storing, and converting stablecoins – all within the platform they already use daily.

Corpay also integrated stablecoin rails into its treasury operations, reducing reliance on pre-funded accounts and enabling 24/7 settlement across its global network.

What this enables:

• Existing customer consolidation: Corporates already using stablecoins can now do it with Corpay, eliminating fragmented payments.
• Capital efficiency: Always-on settlement improves how liquidity moves across Corpay's global footprint.
• Emerging market corridors: Companies facing weak fiat infrastructure gain a viable alternative.
• One platform, multiple rails: Stablecoins sit alongside fiat as another option – no separate systems or blockchain expertise required.

The results: Mainstream infrastructure

By embedding stablecoin wallets into its core platform, Corpay positioned itself as the first major established payments player to make stablecoins just another currency option. For existing stablecoin users, it means consolidation. For those considering adoption, it removes friction – they can work with a trusted provider they already rely on.

"Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure. BVNK provides the technology and compliance framework we need to deliver this securely and at scale."

Mark Frey, Group President of Corpay Cross-Border Solutions

The partnership represents the normalization of blockchain rails in corporate payments – embedded infrastructure that works seamlessly alongside traditional systems.