Circle agrees to acquire Tazapay for $400 million in stock, handling over $25 billion in annual payments.

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Release Time: 2026/09/09 20:52:53

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Summary

Circle has agreed to acquire Tazapay in a $400 million all-stock transaction, representing a major upgrade to its global payment infrastructure. The Singapore-based company processes over $25 billion in annual payments, with 60% conducted in stablecoins. Tazapay, a design partner of the Circle Payments Network since 2025, connects more than 60 banks and fintechs across 100+ markets. The deal, subject to MAS approval, is expected to close in 2027. Circle CEO Jeremy Allaire stated that the acquisition will accelerate USDC adoption. Senior VP Irfan Ganchi described it as a significant step forward in expanding payment capabilities. This crypto development underscores Circle’s strategic focus on cross-border solutions.

Odaily Planet Daily reports that stablecoin issuer Circle has agreed to acquire Singapore-based payment infrastructure company Tazapay in a $400 million all-stock transaction. The deal is expected to close in 2027 and is subject to regulatory approvals, including from the Monetary Authority of Singapore.

Tazapay has over 60 banking and fintech partners, providing local payout infrastructure in more than 100 markets, with annual payment volume exceeding $25 billion, approximately 60% of which involves stablecoins.

Since 2025, Tazapay has served as a design partner for the Circle Payments Network. Circle CEO Jeremy Allaire stated that combining USDC, Tazapay’s banking network, and its institutional client base can drive global adoption; Irfan Ganchi, Senior Vice President of Circle’s Payments Business, said the partnership enhances its global payment sending and receiving capabilities. (Bitcoin.com News)

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