Circle to Acquire Tazapay to Expand USDC Cross-Border Payments
Circle announced its agreement to acquire Singapore-based cross-border payments platform Tazapay, with the transaction expected to close in 2027. The acquisition aims to enhance Circle’s capacity to process international payments using USDC stablecoin, particularly across the Asia-Pacific region and emerging markets. The deal remains subject to customary closing conditions and approval by the Monetary Authority of Singapore.
Deal Details and Closing Conditions
Circle stated that the transaction would require customary closing conditions and approval from Singapore’s Monetary Authority. Financial terms of the deal have not been disclosed, and Circle did not immediately respond to Cointelegraph’s requests for comment.
About Tazapay and Its Metrics
Tazapay is a Singapore-based cross-border payments platform with over $25 billion in annualized payment volume, marking significant growth from $10 billion reported in August 2025. The company services more than 60 banking and fintech partners and offers local payout rails across 100+ markets. Approximately 60% of Tazapay’s transaction volume comes from stablecoins.
Circle had previously invested in Tazapay, including participation in the startup’s August 2025 Series B funding round, which brought total funds raised to $57.9 million. Notably, XRP issuer Ripple was also an investor in that round.
Strategic Goals and Significance of the Acquisition
Irfan Ganchi, Circle’s senior vice president of payments, noted that the acquisition would enhance Circle’s ability to originate and terminate payments globally, nearly instantly and around the clock. This move is regarded as a key step towards making USDC the default rail for cross-border commerce.
Since 2025, Tazapay has acted as a design partner for the Circle Payments Network. Circle assured that Tazapay’s customers should see no disruptions to services, APIs, pricing, or support after the acquisition.
Why it matters
The acquisition of Tazapay represents a strategic expansion for Circle in the realm of international payments using its stablecoin USDC. Considering Tazapay’s substantial transaction volume and strong foothold in the Asia-Pacific region, the deal enhances Circle’s presence in emerging markets while enabling near-instant, 24/7 payment processing. This aligns with Circle’s goal to establish USDC as the primary payment rail for cross-border commerce — a timely focus amid increasing digitalization of finance and adoption of crypto technologies. Regulatory approval from Singapore’s authorities further emphasizes compliance significance and business sustainability.
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