Key Highlights
- Circle will acquire Tazapay in a $400 million all-stock deal.
- Tazapay has over $25 billion in annualized payment volume and operates across more than 100 markets.
- The deal will help Circle expand USDC payments across Asia-Pacific and emerging markets.
Circle Internet Group has agreed to acquire Singapore-based cross-border payments company Tazapay in a $400 million all-stock deal, as the USDC issuer seeks to expand its payments infrastructure across Asia-Pacific and other emerging markets.
The agreement was signed on September 4, with the deal expected to close in 2027 subject to customary closing conditions and regulatory approvals from the Monetary Authority of Singapore (MAS).
Under the agreement, Circle will pay for Tazapay with shares of its Class A common stock rather than cash. The final value will be adjusted for Tazapay’s unpaid debt, transaction costs and cash. The number of Circle shares used will be based on the average closing price of Circle stock over the 20 trading days before the deal closes, according to a filing with the U.S. Securities and Exchange Commission.
Tazapay brings a growing payments network
Tazapay is a Singapore-headquartered business-to-business payments company that helps payment providers and financial institutions send and receive money across borders.
As of July 31, 2026, it had more than $25 billion in annualized payment volume, over 60 banking and fintech partners, and local payout rails covering more than 100 markets. About 60% of its transaction volume already involves stablecoins, Circle said.
The numbers show how much Tazapay has grown. In August 2025, the company reported more than $10 billion in annualized payment volume. It has also raised $57.9 million across five funding rounds, according to Tracxn data. Circle Ventures was among its previous investors, including in Tazapay’s August 2025 Series B round.
Circle looks to expand USDC payments
For Circle, the deal brings payment connections that can help link USDC with local banks and payment systems in more markets. Circle said Tazapay will expand its ability to move payments to and from Asia-Pacific and emerging markets. The company also said the acquisition could help support faster, 24-hour payments using stablecoins.
“Stablecoin settlement is becoming core infrastructure in the global economy and combining USDC with Tazapay’s world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption,” Circle CEO Jeremy Allaire said.
Tazapay adds more payment connections
Allaire also said Tazapay has worked with Circle Payments Network since 2025 and has become an important part of its adoption. In a post on X, he said bringing Tazapay into Circle would add hundreds of payment endpoints to the network and provide more stablecoin-based payment rails for fintechs, payment service providers and banks.
“Tazapay brings deep payment infrastructure across APAC and emerging markets, where we see increasing demand for USDC-denominated transactions,” said Irfan Ganchi, Circle’s senior vice president of payments.
He said the acquisition would expand Circle’s ability to send and receive money globally and move payments across markets where stablecoins are being used.
The deal still awaits regulatory approval
The Tazapay deal is also part of Circle’s wider push to build its payments and blockchain infrastructure through acquisitions. In 2025, Circle agreed to acquire the core team and intellectual property from Interop Labs to support its Cross-Chain Transfer Protocol and Arc blockchain. The transaction excluded the Axelar Foundation and its AXL token.
For now, the Tazapay deal is still waiting for regulatory approval and other closing conditions. If completed, Tazapay’s payment network, banking partners and local payout connections will become part of Circle’s broader payments business.
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