CoinDesk
Corpay has partnered with BVNK to add stablecoin wallets and settlement capabilities for its global corporate customers, giving companies a new way to move money across borders outside traditional banking hours. Clients will see stablecoin balances alongside fiat balances inside Corpay's platform and will be able to send, receive, store and convert stablecoins through embedded wallets. Corpay will use the same rails in its own treasury operations to reduce reliance on pre-funded accounts, improve capital efficiency and move funds across its global footprint.
The integration also layers blockchain-based settlement onto Corpay's cross-border payments platform through JPMorgan's Kinexys private blockchain and BVNK's stablecoin infrastructure, used across select corridors and sitting alongside SWIFT, Corpay's proprietary iACH network and real-time local payment schemes.
Why it matters
BVNK has become one of the main plumbing providers for payment companies adding stablecoin rails. Mastercard agreed in March to buy BVNK for up to $1.8 billion, and Visa teamed up with BVNK earlier this year to support stablecoin funding and payouts through Visa Direct. Stripe has been building its stablecoin stack through Bridge, and Worldpay has used BVNK to offer stablecoin payouts to global businesses — Corpay is the latest incumbent to bolt the same rails onto its platform.
The use case is mostly operational. Stablecoins give payment firms another settlement option for liquidity movement, treasury management and cross-border transfers outside banking hours, which is the structural advantage that keeps attracting traditional finance into the corridor.
Market impact
Stablecoin payments remain a small share of global money movement, but the trajectory is sharp. Visa data cited in the report shows over $1.2 trillion in stablecoin transaction volume over the past 30 days, up from $733 billion a year ago.
Frequently asked questions
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What did Corpay announce with BVNK?
Corpay partnered with BVNK to add stablecoin wallets and settlement to its corporate payments platform. Clients can hold stablecoins alongside fiat and send, receive, store and convert them, while Corpay will use the same rails in its own treasury operations.
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How will Corpay use stablecoin rails in its own treasury?
Corpay said it will use the rails to reduce reliance on pre-funded accounts, improve capital efficiency and move funds across its global footprint, with settlement also handled through JPMorgan's Kinexys private blockchain on select corridors.
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Why is BVNK central to this deal?
BVNK has become a key plumbing provider for payment companies adding stablecoin rails. Mastercard agreed to acquire BVNK for up to $1.8 billion in March, and Visa partnered with BVNK earlier this year to support stablecoin funding and payouts through Visa Direct.
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Which other payment firms are adding stablecoin rails?
Stripe has been building stablecoin payments through Bridge, Worldpay has used BVNK to offer stablecoin payouts to global businesses, and Mastercard and Visa have both struck direct deals with BVNK.
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How big is stablecoin payment volume today?
Visa data cited in the report shows over $1.2 trillion in stablecoin transaction volume over the past 30 days, up from $733 billion a year earlier — still a small slice of global money movement but growing sharply.
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