Circle to acquire Tazapay to expand USDC cross‑border payments

Circle announces purchase of Tazapay

Circle said it will buy Singapore‑based cross‑border payments platform Tazapay. The deal is expected to close in 2027 after regulator approval.

Key facts

• Circle will acquire Tazapay, which handles about $25 billion in annual payment volume.
• Tazapay offers local payout rails in more than 100 markets.
• About 60 % of Tazapay’s transactions use USDC, Circle’s stablecoin (a stablecoin is a crypto token tied to a fiat currency).
• Circle previously invested in Tazapay’s Series B round in August 2025, raising $57.9 million; Ripple also invested.
• The acquisition aims to expand USDC usage in Asia‑Pacific and emerging markets.
• No financial terms of the deal were disclosed.
• Circle’s shares fell roughly 2 % in pre‑market trading after the announcement.

Circle’s official comment

"This acquisition will increase Circle’s capability to originate and terminate payments globally, near‑instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross‑border commerce," said Irfan Ganchi, senior vice president of payments at Circle.

Confirmed details

The acquisition will require customary closing conditions and approval from the Monetary Authority of Singapore. Circle said Tazapay customers should see no disruption to services, APIs, pricing or support.

Why the deal matters

USDC is a stablecoin used for fast, low‑cost transfers. By adding Tazapay’s network, Circle can route more payments in Asia‑Pacific and emerging markets, potentially making USDC a common method for international commerce.

Next steps

Circle will wait for regulator approval and satisfy closing conditions before finalising the purchase in 2027.

Sources

• Cointelegraph