Circle, a leading stablecoin issuer, has partnered with Corpay, a corporate payment company to expand stablecoin access across international payment channels. This partnership was announced in a statement released on Wednesday.
According to the announcement, Circle and Corpay will collaborate to integrate USDC into Corpay’s cross-border pay-in and pay-out rail. As revealed, this also allows businesses to leverage blockchain technology’s 24/7 settlement capabilities and programmability.
It’s worth noting that this partnership offers several advantages. One of its key benefits is it integrated access to USDC. This means that Corpay will integrate Circle Mint and related APIs. This enables Corpay clients to access and manage USDC directly via Corpay’s platform.
Another benefit of this partnership involves incorporating USDC wallets into customers’ accounts. As revealed, users can fund Corpay-branded digital wallets-powered through Circle wallets-instantly, enabling on-chain settlement and seamless currency conversion between USDC and traditional fiat balances.
Other key benefits of the partnership include 24/7 Global FX with Stablecoin. This allows businesses to fund transactions using USDC, with payouts in local currencies across more than 80 countries, enhancing speed and liquidity for global operations.
Meanwhile, the Group President at Corpay Cross-Border Solutions, Mark Frey has given his insight on the partnership. Grey highlighted the importance of working with Circle. He also added that by integrating USDC into Corpay’s funding and disbursement capabilities, clients are given access to a new real-time option that enhances the payment networks they already trust.
Similarly, the Business Officer at Circle, Kash Razzaghi also shared his thought on the collaboration. He emphasized that partnering with Corpay enhances the efficiency, transparency, and security of money movement across borders, leveraging the capabilities of blockchain infrastructure.
Circle integrates with World to enhance USDC access on World Chain
Its worth noting that Circle’s partnership with Corpay comes barely two months after its integrated with World, formerly Worldcoin and CCTP V2, a cross-chain liquidity protocol. As revealed, this integration made provision for the over 25 million users on the World Chain to enjoy seamless and fast transactions using the USDC.
Read More: