S&P 500 Firm Corpay Integrates Stablecoin Infrastructure Through BVNK Partnership

Corpay has partnered with BVNK to integrate stablecoin wallets and settlement infrastructure into its global payments network, expanding stablecoin functionality across services used by more than 800,000 clients.

The integration will allow Corpay customers to store, convert, and transfer stablecoins directly within the company’s payments platform, with stablecoin balances displayed alongside fiat currency balances. Corpay also saidit plans to integrate stablecoin rails into its treasury operations to reduce reliance on pre-funded accounts and improve capital efficiency across cross-border fund movements.

Stablecoins Move Into Treasury Infrastructure

Corpay said it processes more than $12 billion in corporate payments each month, while its foreign exchange operations handle approximately $26 billion in monthly volume across more than 145 currencies.

Mark Frey, Group President of Corpay Cross-Border Solutions, said the partnership introduces continuous settlement capabilities that complement the company’s existing infrastructure. He added that BVNK will provide the underlying technology and compliance framework supporting the integration.

The development reflects the continued shift of stablecoins from trading instruments toward enterprise settlement and treasury infrastructure, particularly for firms managing large-scale international payment flows.

Institutional Payment Firms Expand Stablecoin Use Cases

Corpay’s integration comes amid broader adoption of stablecoin settlement infrastructure among global payment companies. Recent developments include Stripe expanding stablecoin-based business accounts and cross-border payment infrastructure, alongside Visa continuing to broaden USDC settlement support for treasury and international payment operations.

Rather than positioning stablecoins primarily as consumer payment tools, companies are increasingly integrating them into backend liquidity management and always-on settlement systems designed to improve cross-border capital movement.

Stablecoin Supply Continues to Expand

According to The Stablecoin Utility Report 2026, 54% of surveyed crypto users reported holding stablecoins during the past year, while respondents allocated roughly one-third of their savings to crypto assets and stablecoins.

At the market level, dollar-backed stablecoins have continued to expand in circulation. Tether remains the largest issuer with approximately $189.7 billion in USDT circulation, while Circle has around $79 billion in USDC supply.

The growing role of stablecoins in treasury operations, foreign exchange infrastructure, and enterprise settlement flows continues to position the sector as an increasingly important component of global payments infrastructure rather than solely a crypto trading market.