Corpay, Inc. (NYSE: CPAY) today announced a new collaboration with a subsidiary of Circle Internet Group, Inc. (NYSE: CRCL) to extend stablecoin access to all payment channels. They will work together to incorporate USDC on all Corpay’s cross -border payment and payment rails, allowing companies to access 24/7 blockchain settlement and planning.
The benefits of cooperation include:
- Complete access to USDC: Corpay will incorporate Mint Circle and APIs, allowing customers to access and manage the USDC directly via the Corpay platform.
- USDC wallets integrated into customer accounts: Customers will be able to fund digital wallets with companies-authorized by circular wallets, allowing onchain settlement and smooth currency conversion alongside traditional Fiat.
- 24/7 Global FX with Stablecoins: Businesses can fund USDC transactions (and wherever there is, Eurc), with local coins payments in more than 80 countries, enhancing speed and liquidity for world businesses.
- Stablecoin support cards: Corpay works to allow commercial card products – including fleet, market and travel cards – to draw directly from the rest of the USDC. Each transaction will be authorized onchain and automatically installed on Fiat.
“With collaboration with Circle and adding USDC to funding and disbursement opportunities. We are giving our customers a new real -time choice that complements the payment networks they already trust.
“Collaboration with Corpay represents the next development of how businesses move money worldwide -Faster, more transparently with the power of blockchain infrastructure,” said Kash Razzaghi, a leading businessman at Circle. “With the integration of USDC into the strong network of Corpay, we provide Stablecoin business program in all FX card and cross -border payments, while maintaining the standards of compliance and credibility that demands world businesses.”