Circle Internet Group, Inc. (NYSE: CRCL), the issuer of USDC, announced a definitive agreement to acquire Singapore-based Tazapay. The proposed transaction would expand Circle's global payments infrastructure and accelerate the distribution of its stablecoin across new markets. The deal is expected to close in 2027, subject to customary conditions and regulatory approvals, including consent from the Monetary Authority of Singapore.
Strategic Expansion of Payment Infrastructure
Tazapay contributes more than $25 billion in annualized payment volume and local payout rails covering over 100 markets. The company also brings over 60 banking and fintech partners into the Circle ecosystem, which strengthens Circle's ability to originate and terminate payments globally. Circle noted that approximately 60 percent of Tazapay's transaction volume already involves stablecoins, highlighting a strong strategic fit.
Leadership Perspective from Jeremy Allaire
Jeremy Allaire, Co-Founder, CEO and Chairman at Circle, said the combination of USDC with Tazapay's banking relationships and institutional customer base would accelerate worldwide stablecoin adoption. He noted that Tazapay has served as a design partner for Circle Payments Network since 2025. Allaire added that bringing the team in-house aligns with Circle's mission to build the infrastructure layer for global digital finance.
Executive Insights from Irfan Ganchi
Irfan Ganchi, Senior Vice President of Payments at Circle, said Tazapay brings deep payment infrastructure across APAC and emerging markets where demand for USDC-denominated transactions is growing. He explained that the acquisition would increase Circle's capability to originate and terminate payments near-instantly on a 24/7 basis. Ganchi added that the combined network extends Circle's coverage to move money wherever stablecoin payments are being adopted.
Tazapay CEO Outlook
Rahul Shinghal, Co-Founder and CEO of Tazapay, said his company was built to make payments faster and reduce friction from banking rails that do not operate at the speed of global commerce. He said Circle has the dollar infrastructure in USDC and the regulatory standing to take Tazapay's platform further than it could alone. Shinghal added that this alignment makes the transaction the right move for both organizations.
Customer Continuity and Regulatory Timeline
Tazapay customers can expect no disruption to their service, APIs, pricing, or support as the transaction progresses. The deal remains subject to customary closing conditions and regulatory approvals, including approval from the Monetary Authority of Singapore. Both companies expect the acquisition to close in 2027, while financial terms were not disclosed.
About Circle and Tazapay
Circle is one of the world's leading internet financial platform companies and operates the largest stablecoin network anchored by USDC. Its platform also includes Circle Payments Network for global money movement and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Tazapay is a Singapore-headquartered B2B cross-border payments infrastructure company serving payment service providers and financial institutions.
Stablecoin Adoption Momentum
The announcement comes as stablecoin settlement becomes core infrastructure in the global economy, with businesses increasingly seeking faster and more efficient cross-border payment rails. Tazapay's existing stablecoin services are limited to facilitating payments and conversions through a registered Canadian money services business. This regulatory structure complements Circle's broader compliance framework and supports the expansion of USDC-denominated transactions.
The planned acquisition represents a significant step in Circle's strategy to make USDC the default payment rail for global commerce. By integrating Tazapay's network across APAC and emerging markets, Circle aims to connect more businesses to real-time, dollar-denominated settlement. The combination underscores how stablecoin infrastructure is becoming central to the future of cross-border payments.