Circle to acquire Tazapay in $400 million all-stock deal to expand USDC cross-border payments

Circle has agreed to buy Singapore-based cross-border payments platform Tazapay for $400 million in an all-stock transaction expected to close in 2027. The deal is designed to extend USDC’s reach for payments across Asia-Pacific and emerging markets.

Deal terms and approvals

Circle will pay for Tazapay using Class A common stock. The purchase price is subject to adjustments for Tazapay’s debt, transaction expenses, and cash, according to a filing with the US Securities and Exchange Commission.

The acquisition also requires customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement.

Tazapay’s payments footprint

Tazapay processes more than $25 billion in annualized payment volume. It serves more than 60 banking and fintech partners and provides local payout rails across more than 100 markets.

Circle said stablecoins account for about 60% of Tazapay’s transaction volume. Tazapay previously said its annualized payment volume was more than $10 billion in August 2025.

How Circle plans to use the acquisition

Circle said Tazapay will help it originate and terminate payments globally near-instantly on a 24/7 basis. Circle also said the acquisition will expand its ability to route payments to and from Asia-Pacific and emerging markets.

Tazapay has been a design partner for the Circle Payments Network since 2025. Circle said Tazapay customers should see no disruption to services, APIs, pricing, or support.

Market reaction

Circle’s (CRCL) NYSE-traded shares were down more than 2% in Tuesday’s premarket activity, according to data cited from Yahoo Finance.

This matters because larger on-ramps for cross-border payments can increase USDC’s usage in real transaction flows, especially in corridors where local payout rails and stablecoin settlement already play a central role.