Circle to buy Tazapay for $400M
Tazapay and Circle first forged a partnership last year, and according to CEO Jeremy Allaire, they “share a deep alignment.” Circle was the lead investor in Tazapay’s Series B funding last year.
Circle, a global financial technology company, is acquiring Singapore-based Tazapay, a B2B cross-border payments infrastructure provider, in a $400 million stock deal. The acquisition aims to expand Circle's payments network in APAC and emerging markets. The transaction is expected to close by 2027, pending regulatory approvals.
Tazapay processes over $25 billion in annualized payment volume, with stablecoins accounting for about 60% of its transactions. With partnerships across 60 banks and fintech companies, Tazapay offers local payout rails in over 100 markets. Circle plans to use Tazapay's banking relationships, local payout rails, and institutional customer base to accelerate USDC adoption worldwide, as the stablecoin settlement becomes core infrastructure in global finance.
Both companies have been collaborating since 2025, sharing a focus on building infrastructure for global digital finance.
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