Circle Acquires Tazapay to Expand Stablecoin Payments Infrastructure
Circle Internet Group Inc., the parent company of USDC stablecoin, has agreed to acquire Singapore-based cross-border payments platform Tazapay. The acquisition aims to enhance Circle's global payment capabilities and expand its network with over 60 new banking and fintech partners across more than 100 markets. Tazapay processes over $25 billion in annualized transaction volume, with about 60% already involving stablecoins. This move aligns with Circle’s strategy to strengthen the adoption of USDC for cross-border transactions, particularly in Asia-Pacific and emerging markets. The deal is expected to close by 2027 after regulatory approvals. Circle's CEO Jeremy Allaire emphasized that stablecoin settlement is becoming a core part of global financial infrastructure. Despite premarket trading showing shares down slightly at $100.27 with a -1.74% decline, the acquisition supports Circle’s broader vision to build digital finance infrastructure.
Tickers: $CRCL