Corpay partners with BVNK to launch stablecoin payments

Nasdaq-listed payments company Corpay (Nasdaq: CPAY) has announced a partnership with stablecoin infrastructure startup BVNK to introduce stablecoin wallet and payment features. According to The Block, the collaboration will allow Corpay's customers to store, convert, and send stablecoins within its platform, with stablecoin balances displayed alongside fiat currency balances. Corpay currently serves over 800,000 corporate clients and processes $12 billion in business payments per month.