🚨 OCC PROPOSES NEW RULES FOR BANK-ISSUED STABLECOINSOffice of the Comptroller of the Currency released proposed framework under GENIUS Act for national banks to issue regulated payment stablecoins.The rule aims to bring stablecoins safely into traditional banking with strict reserves, accelerating B2B payments and mainstream adoption. ...

circle minted $1.25b usdc on solana in 48 hours. they don't mint for speculation. they mint for redemption demand. b2b payments up 880% yoy. sol at $80 is priced for shitter rotation. circle's treasury is pricing it for visa-scale settlement. track weekly mint volume. when it sustains $1b+ the repricing starts. ...

"Solana leads all payment platforms across Web2 and Web3 in total payment volume. Growing at 750%, alongside 880% growth in B2B payments."@patkkim from @artemis https://t.co/GSJviBExYB ...

Strategy & Services - Visa launched a Stablecoins Advisory Practice to assist banks, fintechs, and enterprises in stablecoin strategy design and implementation [1] - The service will support use cases like cross-border and B2B payments, indicating Visa's increased focus on stablecoins [1]

Welcome @OwlTing to Circle Payments Network (CPN)!OwlTing has officially joined CPN, enabling near-instant settlement with payment stablecoins like USDC across high-growth markets.This unlocks faster, more affordable cross-border flows for:→ B2B payments→ Remittances→ PayrollWith a deep regulatory footprint across the US, EU, and Asia, OwlTing now connects its users to compliant, real-time global settlement through a single CPN integration.This is what modern cross-border payments should feel like. ...

Core Thesis - Corpay, Inc. is viewed as a "compounder on sale," with expected annual per-share earnings growth of 15-20% and potential multiple expansion to 16-20x earnings [4][7] Company Overview - Corpay, Inc. (NYSE: CPAY), formerly Fleetcor, is a leading B2B payments company that has transformed from a regional fuel card business into a global B2B payments powerhouse [2] - The company has generated approximately 19% annualized shareholder returns from 2010 to 2024 [2] Financial Performance - The company has consistently delivered around 13% annual growth in revenue, EBITDA, and EPS from 2014 to 2024 [3] - As of December 1st, CPAY's share was trading at $296.27, with trailing and forward P/E ratios of 20.13 and 12.02 respectively [1] - CPAY shares are attractively priced at approximately $330, implying a 13.5x 2026E earnings, while the intrinsic value is estimated between $400 and $490, offering a 20-33% margin of safety [4] Strategic Positioning - The company is well-positioned to benefit from secular trends in digital B2B payments, inflation-sensitive revenues, and a weakening U.S. dollar, with around 50% of revenue coming from international markets [5] - Free cash flow generation and disciplined capital allocation, including $5.6 billion in buybacks from 2020 to 2024, further support the company's upside [5] Growth Opportunities - Additional growth potential arises from CPAY's cross-border business and stablecoin adoption, which could accelerate growth [6] - The company has a strong M&A track record and aligned management, which are seen as mitigants to potential risks [7] Risks and Catalysts - Key risks include the integration of the $2.4 billion Alpha Group acquisition, regulatory compliance in cross-border payments, and pressures on legacy fuel card businesses [6] - Catalysts for upside include successful execution of the business plan, accretive M&A, capital allocation, and stablecoin adoption [7]

Partnerships & Network Expansion - Geoswift joins Circle Payments Network (CPN) [1] - This partnership enables 24/7 settlement for enterprise clients using payment stablecoins like USDC and EURC [1] Service Enhancement - Geoswift expands its ability to power cost-efficient B2B payments and remittances [1] - Geoswift now provides enterprise clients with faster, more transparent global payments by leveraging CPN's broad payout markets [1]

Core Insights - Brex has partnered with Oracle, becoming the first fintech issuer integrated within Oracle Fusion Cloud ERP, enhancing B2B payments solutions [1][2] - The collaboration aims to simplify supplier payments for global enterprises, addressing complexities in managing payments across different nations and currencies [2][4] Group 1: Partnership Details - The integration allows customers to select Brex virtual cards directly from their payables workflows, improving controls and supplier payments [2][3] - Brex's global card capabilities enable enterprises to manage payments in over 30 currencies from a single platform, eliminating the need for separate banking infrastructures [4][5] Group 2: Benefits and Features - The partnership is expected to provide financial incentives such as rebates and rewards, potentially transforming accounts payable into a revenue source [5] - Brex's virtual cards feature one-time-use numbers, spending limits, and merchant-specific restrictions, supported by a digital audit trail to minimize fraud risk [5] Group 3: Regulatory Developments - In August, Brex obtained a payment institution license in the European Union, allowing it to serve businesses across the region [6]

Partnership Focus - The partnership will explore stablecoin issuance, distribution, and settlement [1] - The partnership aims to power remittances, B2B payments, and consumer transactions [1] Technology - The partnership is built on Avalanche [1]

Summary of Corpay (CPAY) FY Conference Call - June 04, 2025 Company Overview - **Company**: Corpay (CPAY) - **Industry**: FinTech, specifically focusing on B2B payments - **Revenue**: $4 billion in the previous year, projected to reach $4.4 billion in 2025 - **Free Cash Flow**: Expected to be between $1.4 billion and $1.5 billion in 2025 - **Geographic Focus**: Primarily operates in the U.S., North America, Brazil, the U.K., Europe, and Australia/New Zealand [7][8] Core Business Segments 1. **Corporate Payments** - Represents about 35% of total revenue - Growing at a rate of 15% to 20% annually - Focused on construction, transportation, logistics, and business services [11][12] - 60% of corporate payments are international, 40% domestic [14] 2. **Vehicle Payments** - Accounts for nearly 50% of revenue - Split into international, Brazil, and North America segments - 80% of vehicle payments are in the fuel space, with plans to diversify into other payment categories [17][18] 3. **Lodging Payments** - Represents just under 15% of overall revenue - Serves blue-collar workers, airlines, and insurance businesses [20][22] Financial Performance - **Revenue Growth**: 17% CAGR since IPO, with 19% growth in profits - **EBITDA Margins**: Mid-50s percentage, with fluctuations during acquisitions [24][25] - **Organic Revenue Growth Target**: 10% annually, with EBITDA expected to grow in the low to mid-teens [26][27] Strategic Initiatives - **Partnership with Mastercard**: Investment of $300 million for a stake in the cross-border payment business, expected to close in H2 2025 [31] - **Acquisition of Avid Exchange**: Investment of $550 million for a one-third stake, focusing on domestic payables [35] - **Focus on Financial Institutions**: Aiming to increase revenue from institutional clients, currently less than 10% of total revenue [34] Market Opportunity - **Total Addressable Market (TAM)**: B2B payments market estimated at $60 trillion, with Corpay holding only 2% to 3% market share [2][41] - **Retention Rate**: Over 92%, with improvements expected from enhanced client experience initiatives [48] Key Takeaways - Corpay is positioned as a leading provider in the corporate payments space with significant growth potential - The company is focused on strategic partnerships and acquisitions to enhance its service offerings and market reach - Continued emphasis on organic growth and capital allocation to maximize shareholder value [41][42]