Global finance companies Corpay and Circle join forces to integrate stablecoins into international foreign exchange and commercial card networks, enabling seamless global transactions.
In a groundbreaking move, Circle Internet Group's subsidiary has teamed up with Corpay, Inc. to offer enterprise-grade stablecoin utility across card payments and cross-border foreign exchange (FX) transactions.
The collaboration, according to Circle's Chief Business Officer, Kash Razzaghi, represents the next evolution of global money transfer, offering faster, more transparent, and blockchain-powered transactions. Mark Frey, Group President at Corpay Cross-Border Solutions, added that this partnership adds USDC to their funding and disbursement capabilities, providing clients with a new real-time option.
This new option, Frey said, complements the payment networks already trusted by clients. The collaboration aims to unlock programmable controls and provide 24/7 liquidity without altering the way businesses transact today.
The partnership embeds USDC into Corpay's network, delivering enterprise-grade stablecoin utility. Razzaghi emphasised that the collaboration delivers enterprise-grade stablecoin utility, upholding the compliance and reliability standards that global businesses demand.
The collaboration between Circle and Corpay offers a unique opportunity to expand access to stablecoins through global payment channels. However, it's worth noting that the name of the CEO of Corpay, Inc. involved in this expansion is not explicitly listed in the provided search results.
In summary, the collaboration between Circle and Corpay aims to revolutionise global money transfer by providing faster, more transparent, and blockchain-powered transactions, while maintaining the compliance and reliability standards that businesses require. This new real-time option complements existing payment networks and offers enterprise-grade stablecoin utility across card payments and cross-border FX transactions.
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