Circle Acquires Tazapay for Cross-Border Payment Expansion

Circle is expanding its cross-border payments capabilities through an acquisition of Singapore-based Tazapay. The deal, expected to close in 2027, will also require customary closing conditions and approval from the Monetary Authority of Singapore.

Tazapay serves over 60 banking and fintech partners with local payout rails covering more than 100 markets. Its annualized payment volume is over $25 billion, a significant increase from its August 2025 figure of $10 billion.

The acquisition will expand Circle's ability to route payments to and from the Asia-Pacific region and emerging markets. Stablecoins account for about 60% of Tazapay's transaction volume, with USDC being a major player in this space.