Corpay has announced a new collaboration with a subsidiary of Circle aimed at expanding access to stablecoins across international payment systems.
The partnership will see the integration of USDC, a dollar-backed stablecoin issued by Circle, into Corpay’s cross-border pay-in and pay-out infrastructure.
The initiative is intended to offer companies access to blockchain technology’s continuous settlement and programmability features.
As part of the agreement, Corpay plans to incorporate Circle Mint and associated APIs into its platform.
This will allow clients to access and manage USDC balances directly.
Customer accounts on Corpay will also be equipped with digital wallets powered by Circle, enabling immediate funding and onchain settlement, with seamless conversion alongside conventional currency balances.
The collaboration will also allow businesses to carry out foreign exchange transactions around the clock using USDC, and where applicable, EURC, with local currency disbursements available in more than 80 countries.
Corpay is further exploring the integration of USDC support into its suite of commercial card products, such as those for fleet, purchasing, and travel.
These cards would authorise transactions using USDC and automatically settle them in fiat currencies.
“By working with Circle and adding USDC to our funding and disbursement capabilities, we are giving our clients a new real-time option that complements the payment networks they already trust,”
said Mark Frey, Group President at Corpay Cross Border Solutions.
“This collaboration will unlock programmable controls and continuous liquidity without changing the way they transact today.”
Kash Razzaghi, Chief Business Officer at Circle, added,
“Working with Corpay represents the next evolution of how businesses move money globally, faster, more transparently, and with the power of blockchain infrastructure. By embedding USDC into Corpay’s robust network, we are delivering enterprise-grade stablecoin utility across card payments and cross-border foreign exchange, all while upholding the compliance and reliability standards that global businesses demand.”
Featured image credit: Edited by Fintech News America, based on image by hammadalikhn via Freepik
