Circle to acquire Tazapay to expand USDC cross-border payments
Tazapay processes $25 billion in annualized volume and offers payout rails across 100-plus markets, extending Circle’s USDC payments reach.
Tazapay processes $25 billion in annualized volume and offers payout rails across 100-plus markets, extending Circle’s USDC payments reach.
Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027.
The transaction will also require customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement.
Stablecoins account for about 60% of Tazapay’s transaction volume, according to Circle. The company said the acquisition will expand its ability to route payments to and from Asia-Pacific and emerging markets.