Corpay adds 24/7 stablecoin settlement with BVNK

Corpay has partnered with stablecoin infrastructure provider BVNK to add integrated stablecoin wallets and continuous settlement to its global payments platform, the companies announced today. The service will run 24 hours a day, seven days a week, with exceptions for bank holidays and weekend cutoffs.

The integration will let Corpay customers hold stablecoin balances alongside fiat currency and send, receive, store and convert stablecoins from within the Corpay interface. BVNK is providing the underlying technology and compliance framework. Corpay plans to connect the stablecoin rails to its treasury operations to speed cross-border fund movement and reduce dependence on pre-funded accounts.

Corpay processes more than $12 billion in corporate payments each month and handles roughly $26 billion in foreign exchange volume across more than 145 currencies. Executives said the stablecoin capability will provide continuous settlement capacity to move liquidity across Corpay’s network.

Mark Frey, group president of Corpay Cross-Border Solutions, commented: “At our scale, the ability to move liquidity quickly and reliably is critical. 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.” Jesse Hemson-Struthers, BVNK chief executive, described the partnership as a way to speed corporate adoption: “Together, we’re enabling faster, more efficient ways for businesses to move and manage money across borders.”

BVNK has drawn investment and acquisition interest from major financial firms. Mastercard announced a planned acquisition of BVNK in a deal that could total as much as $1.8 billion by closing. Visa’s investment arm and Citigroup have also provided backing. Mastercard’s chief executive cited BVNK’s network of stablecoin stakeholders, liquidity providers and regulatory licenses in support of the transaction. Citi’s head of ventures pointed to growing use of stablecoins for settling on-chain and crypto transactions and to BVNK’s enterprise-grade infrastructure.

Company co-founder Chris Harmse said demand for stablecoin infrastructure has increased and that the United States is BVNK’s fastest-growing market. He noted recent legislative changes have helped build institutional confidence.

Dollar-pegged stablecoin supply is about $301 billion, with Tether’s USDT near $189.6 billion and Circle’s USDC about $77 billion. Card networks report rising stablecoin settlement activity; Visa cited a $7 billion annual run rate in stablecoin settlement volume and a 50% quarter-over-quarter increase, and it operates more than 160 stablecoin card programs. Under a bullish scenario, one bank has projected the sector could reach as much as $4 trillion by 2030.

Corpay’s integration provides corporate clients with access to continuous settlement rails and a single interface for managing both fiat and stablecoin flows.