TechFlow News, May 11: According to The Block, Corpay (NYSE: CPAY), a payment company and constituent of the S&P 500 Index, announced a partnership with stablecoin infrastructure platform BVNK to integrate stablecoin wallet and settlement capabilities into its global payments network. Users will be able to directly store, exchange, and transfer stablecoins via the Corpay platform, with stablecoin balances displayed alongside fiat currency balances.
Additionally, Corpay will integrate stablecoin payment rails into its treasury management operations to reduce reliance on pre-funded accounts and enable 24/7 settlement. Corpay currently processes over $12 billion in corporate payments monthly and handles approximately $26 billion in foreign exchange transactions per month, supporting more than 145 currencies.
