Circle to acquire Tazapay to expand USDC cross-border payments
Circle is acquiring Singapore-based payments platform Tazapay for $400 million in an all-stock transaction expected to close in 2027, significantly expanding its cross-border payment infrastructure. The acquisition will integrate Tazapay's $25 billion in annualized transaction volume and payout capabilities across over 100 markets into Circle's USDC stablecoin network.
Why It Matters
This deal strengthens Circle's position in the competitive stablecoin payments space by adding established infrastructure in Asia-Pacific and emerging markets, where stablecoins already represent 60% of Tazapay's transaction volume, potentially accelerating USDC adoption for international commerce.
Key Facts
- Acquisition price: $400 million in Circle Class A common stock
- Expected closing date: 2027
- Tazapay's annualized volume: $25 billion
- Markets covered by Tazapay: Over 100 countries
- Stablecoins as percentage of Tazapay volume: Approximately 60%
Circle has announced plans to acquire Tazapay, a cross-border payments platform based in Singapore, for $400 million through an all-stock transaction using Circle Class A common shares. The deal, which remains subject to customary closing conditions and regulatory approval from Singapore's Monetary Authority, is projected to complete in 2027.
Tazapay has established itself as a significant player in the international payments space, processing approximately $25 billion in annualized transaction volume while serving more than 60 banking and fintech partners. The platform operates local payout rails spanning more than 100 markets, giving it substantial reach across developed and emerging economies. Notably, stablecoins already comprise roughly 60% of Tazapay's total transaction volume, indicating strong existing demand for blockchain-based payment solutions.
Circle previously held a stake in Tazapay through its venture arm following a Series B funding round in August 2025, and the company has served as a design partner for Circle's Payments Network since 2025. This acquisition represents a strategic step to consolidate complementary capabilities, with Circle highlighting the deal's potential to enhance its ability to originate and route payments globally on a near-instantaneous, 24/7 basis.
The company has committed to maintaining service continuity for existing Tazapay customers, pledging that users will experience no disruption to their applications, pricing structures, or support arrangements. The acquisition aligns with Circle's stated objective of positioning USDC as a foundational payment infrastructure for international commerce.
Circle's stock declined more than 2% in premarket trading on the announcement, according to market data tracked on Tuesday.
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