Circle Acquires Tazapay for $400M in All-Stock Deal

Circle, a prominent financial technology company, has announced its acquisition of Tazapay for $400 million in an all-stock deal. The transaction is subject to regulatory approvals globally and is expected to close in 2027.

Tazapay processes more than $25 billion in annualized payment volume through payout rails spanning over 100 markets worldwide. Circle plans to use Tazapay's banking connections and local payout infrastructure to extend USDC-based payments across Asia-Pacific and emerging markets.

The acquisition is expected to accelerate the breadth and depth of Circle Payments Network globally, with Tazapay adding its payout rails across more than 100 markets.