U.S. payments firm Corpay is adding a stablecoin wallet function to its platform for global customers through a partnership with BVNK.

Fintech outlet Finextra reported on May 12 that Corpay customers will be able to check stablecoin balances alongside fiat currency balances and send, receive, hold and convert stablecoins within the platform.

The integration is aimed at allowing corporate customers to move funds with fewer constraints from bank business hours and payment-system limitations. Corpay will expand its means of processing cross-border and domestic transactions through an always-on stablecoin payment network. Customers can use both fiat-based payments and stablecoin payments according to their needs.

Corpay also plans to apply stablecoin payment rails to its own treasury operations as well as customer services. It aims to reduce reliance on pre-funding accounts, improve capital efficiency and enhance global fund movements outside its proprietary network.

Mark Frey (마크 프레이), president of Corpay's Cross-Border Solutions group, said the ability to move liquidity quickly and reliably is important at the company's scale. He said stablecoins enable 24/7, year-round payments and strengthen existing infrastructure, and that BVNK provides the technology and compliance framework needed to deliver this safely and at scale.

Jesse Hemson-Struthers (제시 헴슨-스트러더스), BVNK's chief executive officer, said stablecoins are changing the foundation of global payments. He said Corpay's scale and reach are well suited to expanding these functions into the mainstream payments environment, and that the two companies are helping businesses move and manage cross-border funds faster and more efficiently.

Corpay has more than 800,000 customers worldwide. It processes more than $12 billion in corporate payments and $26 billion in foreign exchange transactions each month across more than 145 currencies. The stablecoin payment support largely adds a new settlement method to its existing network. For customers, that expands the choice of payment methods, while for Corpay it links digital asset-based settlement to large-scale corporate payments infrastructure.

In this flow, the partnership is meaningful in that it brings stablecoins into an existing corporate finance platform rather than treating them as a separate service. Corpay will show fiat currency and stablecoins together on customer screens and provide transfers, custody and conversion functions as a package, directly connecting stablecoin use to corporate cash management systems. How Corpay expands this function to which customer groups and transaction areas will be a point to watch.

Last week @CorpayFX (NYSE: CPAY) announced BVNK as their stablecoin infrastructure partner. What this unlocks: their 800K+ enterprise clients can now settle payments 24/7, outside of banking hours, with no pre-funding. Stablecoin rails will work alongside their existing SWIFT… pic.twitter.com/SLrB70bGLB