Circle to Acquire Tazapay in All-Stock Deal
Circle Internet Group has signed a definitive agreement to acquire Tazapay, a Singapore-headquartered cross-border payments platform, in a transaction valued at $400 million. The deal, announced on September 8, 2026, will be conducted entirely in Class A common stock and is expected to close in 2027, subject to customary closing conditions and regulatory approval from the Monetary Authority of Singapore. cointelegraph.com; circle.com
Expansion of USDC’s Payments Reach
Tazapay processes over $25 billion in annualized payment volume and works with more than 60 banking and fintech partners, covering local payout rails in over 100 markets. Circle aims to leverage Tazapay’s infrastructure to strengthen the global origination and termination of payments via USDC, focusing on rapid, 24/7 settlement capabilities especially across Asia-Pacific and emerging markets. Approximately 60% of Tazapay’s transaction volume already utilizes stablecoins, indicating strong alignment with Circle’s stablecoin-focused strategy. cointelegraph.com; circle.com
No Immediate Changes for Customers, Regulatory Review Pending
According to Circle, current Tazapay customers will not face disruptions in service, APIs, pricing, or support. The transaction still requires approval from relevant regulators, chiefly the Monetary Authority of Singapore, before it can be finalized. Circle previously invested in Tazapay via Circle Ventures and both firms have partnered since 2025 on Circle’s payments network. cointelegraph.com; circle.com