Circle to Acquire Tazapay to Expand USDC Cross-Border Payments
Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay as the stablecoin issuer moves to expand USDC-based payment infrastructure across Asia-Pacific and emerging markets.
The acquisition is expected to close in 2027, subject to customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in an announcement Tuesday. Financial terms were not disclosed.
Tazapay processes more than $25 billion in annualized payment volume and works with more than 60 banking and fintech partners. Its local payout network covers more than 100 markets, giving Circle additional infrastructure for routing cross-border payments.
The transaction builds on an existing relationship between the two companies. Circle was previously an investor in Tazapay, including participation in the startup's Series B financing in August 2025. That round brought Tazapay's total funding to $57.9 million, according to Traxcn data. Ripple, the issuer of XRP, also participated in the funding round.
Circle Targets Global USDC Payment Expansion
Circle said the acquisition will strengthen its ability to route payments into and out of Asia-Pacific and emerging markets, where cross-border payment infrastructure remains a key part of the company's expansion strategy.
Stablecoins already represent about 60% of Tazapay's transaction volume, according to Circle. The existing stablecoin activity provides a direct connection between Tazapay's payments infrastructure and Circle's efforts to expand the use of USDC for international commerce.
“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.
Tazapay's payment volume has also grown significantly. The company reported annualized payment volume of $10 billion in August 2025, compared with more than $25 billion cited by Circle in connection with the proposed acquisition.
The transaction would give Circle greater control over payment origination and settlement capabilities across a broader set of markets, while adding Tazapay's network of banking and fintech relationships to its existing payments infrastructure.
Tazapay Already Works With Circle
The planned acquisition follows several years of collaboration between the companies. Tazapay has served as a design partner for the Circle Payments Network since 2025.
Circle said customers using Tazapay should not experience disruption as a result of the transaction. Existing services, application programming interfaces, pricing and customer support are expected to continue without interruption.
The companies did not disclose additional financial details of the proposed acquisition.
Circle's shares, which trade on the New York Stock Exchange under the ticker CRCL, were down more than 2% in Tuesday's premarket trading at last look, according to Yahoo Finance.
The deal remains subject to regulatory approval in Singapore and other customary closing conditions, with completion currently expected in 2027.
Source: cointelegraph
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.