Circle Strikes $400 Million All-Stock Deal for Singapore's Tazapay to Extend USDC Payments Reach
Circle Strikes $400 Million All-Stock Deal for Singapore’s Tazapay to Extend USDC Payments Reach #
Circle Internet Group (NYSE: CRCL), the fintech company behind the USDC stablecoin, has signed a definitive agreement to acquire Tazapay, a Singapore-based B2B cross-border payments infrastructure company, in an all-stock transaction valued at approximately $400 million.
The deal, announced on September 8, 2026, is Circle’s first major acquisition since its New York Stock Exchange listing. It is expected to close in 2027, pending regulatory approval from Singapore’s Monetary Authority (MAS) and other customary closing conditions.
Tazapay processes more than $25 billion in annualized payment volume, maintains relationships with more than 60 banking and fintech partners, and operates local payout rails in more than 100 markets. About 60% of Tazapay’s transaction volume already runs over stablecoin rails, which makes the platform a direct distribution channel for Circle’s USDC.
Jeremy Allaire, co-founder, CEO and chairman of Circle, said in the company’s announcement that combining USDC with Tazapay’s banking relationships, local payout rails and institutional customer base would accelerate worldwide USDC adoption. Allaire noted that Tazapay had been a formal design partner of Circle’s Payments Network since 2025, a relationship that preceded the acquisition.
By acquiring Tazapay’s infrastructure outright rather than continuing a third-party arrangement, Circle gains direct ownership of payment rails across more than 100 markets. Tazapay’s client base includes payment service providers and financial institutions. At the time of its Series B financing round, which Circle led, the company reported serving more than 1,000 enterprises and fintechs across 30 countries.
Ripple, Circle’s rival in the stablecoin payments space, was also an investor in Tazapay’s Series B round, meaning a company it backed will become part of a direct competitor’s operations.
The Tazapay deal is the largest in a series of acquisitions Circle has pursued to build out its payments infrastructure. The company paid $209.9 million in stock for Coinbase’s remaining stake in the Centre Consortium, which held USDC’s intellectual property, in 2023. It has since acquired payments software firm Elements, blockchain consensus technology Malachite, and nearly 1,000 blockchain patents from IBM in July 2026.
Completion of the deal is subject to MAS clearance and other regulatory and customary conditions. Both companies are targeting a 2027 close.
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