Circle to acquire Singapore's Tazapay, adding $25B in cross-border volume

What's the deal? Circle Internet GroupDealroom has a profile for this one. Try Dealroom → (NYSE: CRCL), the fintech firm behind the USDC stablecoin, has signed a definitive agreement to acquire Tazapay, a Singapore-based B2B cross-border payments company. The deal is expected to close in 2027, pending regulatory approvals, including from the Monetary Authority of Singapore.

What each side brings: CircleDealroom has a profile for this one. Try Dealroom → issues USDC and operates the Circle Payments Network. Tazapay adds more than $25 billion in annualised payment volume, 60-plus banking and fintech partners, and local payout rails across over 100 markets.

Why it matters: Roughly 60% of Tazapay's transaction volume already includes stablecoins. The acquisition extends Circle's ability to move money globally, near-instant and around the clock.

What's the endgame? Circle wants USDC to become the default payment rail for cross-border commerce. "Combining USDC with Tazapay's world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption," said Jeremy Allaire, Circle's chief executive officer.

Why now? Tazapay has been a design partner for the Circle Payments Network since 2025. "Circle has the dollar infrastructure in USDC and the regulatory standing to take what we've built further than we could alone," said Rahul Shinghal, Tazapay's co-founder and chief executive officer.

Tazapay customers should expect no disruption to their service, APIs, pricing, or support.

The signal: Stablecoins are moving from crypto trading into mainstream payments infrastructure, and Circle is buying its way deeper into Asia-Pacific and emerging markets where demand for dollar-denominated settlement is rising.

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