Circle Buys Tazapay for $400 Million Cross-Border Payments Push

Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in an all-stock transaction valued at approximately $400 million. The proposed deal would give Circle, the issuer of USDC, direct access to Tazapay's local banking relationships, payment connections, and payout infrastructure across more than 100 markets.

The acquisition is expected to close in 2027, subject to customary conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore. Until those requirements are satisfied, Tazapay remains an independent company.

Tazapay already processes more than $25 billion in annualized payment volume, with roughly 60% of that volume already involving stablecoins rather than traditional rails. Acquiring Tazapay would give Circle more direct control over the local conversion and payout leg, instead of relying entirely on outside providers to bridge USDC into more markets.

Circle said the transaction would bring Tazapay's team, institutional customers, and local payout rails into its global payments infrastructure. Existing Tazapay customers should not expect changes to services, APIs, pricing, or support because of the announcement.