Circle Acquires Tazapay for Global Stablecoin Payments Expansion

Circle has announced its acquisition of Tazapay, a Singapore-based cross-border payments platform. This move aims to further global stablecoin adoption and expand Circle's payments offering worldwide.

Tazapay currently handles over $25 billion in annualized payment volume and has more than 60 banking and fintech partners, providing full-payout coverage in over 100 markets.

Circle estimates that around 60% of Tazapay's traffic already uses stablecoins, with USDC being a major component. This existing infrastructure will integrate with Circle's network to enhance global payments capabilities.