Circle, issuer of the USDC stablecoin, has signed a definitive agreement to acquire Tazapay, a Singapore-headquartered B2B cross-border payments infrastructure company, in an all-stock deal reportedly valued around $400 million, expected to close in 2027 pending regulatory approvals including from the Monetary Authority of Singapore. Tazapay brings over $25 billion in annualized payment volume, more than 60 banking and fintech partners, and payout rails covering over 100 markets, with roughly 60% of its transaction volume already settled in stablecoins. The main objective is to accelerate USDC’s role as the default settlement rail for cross-border commerce by extending Circle’s payment origination and termination capabilities into APAC and emerging markets; Tazapay had already been a design partner for the Circle Payments Network since 2025. Key players include Circle co-founder, CEO, and chairman Jeremy Allaire, who said combining USDC with Tazapay’s “world-class banking relationships” will accelerate worldwide USDC adoption, and Tazapay co-founder and CEO Rahul Shinghal. 

Circle Expands Global Payments Infrastructure With Agreement to Acquire Tazapay