Corpay has announced a strategic collaboration with Circle to integrate stablecoin payments into its global foreign exchange (FX) and commercial card systems, according to a press release.
This partnership aims to embed USDC, Circle’s stablecoin, across Corpay’s cross-border payment channels, enabling businesses to leverage blockchain technology for 24/7 settlement and enhanced liquidity.
By integrating Circle Mint and related APIs, Corpay will allow clients to access and manage USDC directly through its platform. This integration will facilitate the creation of Corpay-branded digital wallets, enabling instant funding and on-chain settlement alongside traditional fiat balances.
Furthermore, businesses will be able to fund transactions in USDC and receive payouts in local currencies across more than 80 countries, significantly improving transaction speed and liquidity.
Mark Frey, Group President at Corpay Cross-Border Solutions, emphasized the importance of this collaboration:
By working with Circle and adding USDC to our funding and disbursement capabilities, we’re giving our clients a new real-time option that complements the payment networks they already trust.
Kash Razzaghi, Chief Business Officer at Circle, added:
By embedding USDC into Corpay’s robust network, we’re delivering enterprise-grade stablecoin utility across card payments and cross-border FX, all while upholding the compliance and reliability standards that global businesses demand.
This partnership comes at a crucial time as the demand for stablecoin solutions continues to rise across capital markets and enterprise financial operations, driven by the need for efficient and reliable transfer methods in an increasingly digital economy.
