Circle Buys Tazapay for $400M to Accelerate USDC Adoption
Circle Internet Group announced on September 8, 2026 that it had signed a definitive agreement to acquire Tazapay for $400 million in an all-stock transaction. The Singapore-headquartered company runs B2B cross-border payment infrastructure for payment service providers and financial institutions.
Tazapay brings a payments-native team, 60+ banking and fintech partners, and meaningful stablecoin payment volume, with more than 60% of its volume already settled in stablecoins as of July 31, 2026. Circle did not buy a company it needed to convert, because Tazapay had already converted itself.
The regulatory footprint matters just as much as the volume. Tazapay holds a Major Payment Institution license from the Monetary Authority of Singapore and carries registrations with FINTRAC in Canada, AUSTRAC in Australia, and FinCEN in the United States.
Jeremy Allaire, Circle's co-founder and CEO, framed the logic around settlement infrastructure. He said combining USDC with Tazapay's banking relationships and local payout rails will accelerate USDC adoption globally.