Circle to Acquire Tazapay for $400 Million to Enhance Payments Infrastructure
- Circle Internet Group plans to acquire Singapore-based Tazapay for approximately $400 million in Circle securities.
- The acquisition is expected to close in 2027, pending regulatory approvals from the Monetary Authority of Singapore.
- Tazapay supports local payouts in over 100 markets and has an annual payment volume exceeding $25 billion, with about 60% of transactions linked to stablecoins.
- Circle aims to integrate Tazapay’s banking relationships and local payment rails to promote broader adoption of USDC in cross-border settlements.
- This deal represents one of Circle’s largest publicly disclosed acquisitions, following previous purchases including Hashnote and Cybavo.
The acquisition of Tazapay will enhance Circle’s global payments infrastructure by leveraging Tazapay’s extensive banking partnerships and local payment capabilities. This move is intended to facilitate greater use of USDC for international transactions.
Circle’s acquisition underscores its commitment to expanding its services, with the transaction valued at $400 million aimed at increasing cross-border payment efficiency through stablecoins like USDC.
