Circle to acquire Tazapay for $400 million to expand USDC cross-border payments
Circle agreed to acquire Singapore-based Tazapay in a $400 million all-stock deal expected to close in 2027.
Why it matters
The deal would give Circle, issuer of USDC, direct access to Tazapay's cross-border payment infrastructure across Asia-Pacific and other markets, potentially strengthening USDC's role in international settlements. However, with only one source reporting and regulatory approval still needed, the significance depends on whether the acquisition closes as proposed.
Key facts
Circle agreed to acquire Tazapay for $400 million in an all-stock deal.
400,000,000 USDReported by Cointelegraph
The purchase will be paid in Circle Class A common stock, subject to adjustments for debt, expenses and cash.
Reported by Cointelegraph
The acquisition is expected to close in 2027.
Reported by Cointelegraph
Tazapay processes more than $25 billion in annualized payment volume.
25,000,000,000 USDReported by Cointelegraph
Tazapay partners with more than 60 banking and fintech institutions across more than 100 markets.
Reported by Cointelegraph
Stablecoins account for about 60% of Tazapay's transaction volume.
60 %Reported by Cointelegraph
Tazapay reported annualized payment volume above $10 billion in August 2025.
10,000,000,000 USDReported by Cointelegraph
Tazapay has raised $57.9 million across five funding rounds.
57,900,000 USDReported by Cointelegraph
What happened
Circle has agreed to acquire Tazapay, a Singapore-based cross-border payments platform, in a $400 million all-stock deal, according to Cointelegraph. The purchase price, disclosed in Circle's SEC filing, will be paid in Class A common stock and is subject to adjustments for Tazapay's debt, transaction expenses and cash. The transaction requires customary closing conditions and approval from the Monetary Authority of Singapore, and is expected to close in 2027. Tazapay processes more than $25 billion in annualized payment volume and partners with over 60 banking and fintech institutions across more than 100 markets, with stablecoins accounting for roughly 60% of its volume. Circle previously invested in Tazapay through Circle Ventures, including a Series B round in August 2025, and Tazapay has raised a total of $57.9 million across five funding rounds.
How the story developed
- First report
First report by Cointelegraph
Circle to acquire Tazapay to expand USDC cross-border payments
- Update
Tazapay reports $10 billion annualized volume
Tazapay said annualized payment volume exceeded $10 billion.
- Update
Circle announces acquisition of Tazapay
Circle agreed to acquire Tazapay in an all-stock deal for $400 million, with terms disclosed in an SEC filing.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Cointelegraph Crypto media | Circle to acquire Tazapay to expand USDC cross-border payments | Original |
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