Circle has agreed to acquire Singapore-headquartered cross-border payments infrastructure company Tazapay in an all-stock transaction with base consideration of $400 million, bringing local payout rails and banking relationships inside the USDC issuer's payments business.
Circle signed the purchase agreement on Sept. 4, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. Payment will consist of Circle Class A shares equal to $400 million, adjusted for Tazapay's debt, transaction expenses and cash. The share count will be calculated using Circle's volume-weighted average closing price over the 20 trading days preceding the closing date.
The transaction is expected to close in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore. Closing remains pending until the required approvals are received and the other conditions are satisfied or waived, as applicable.
What Tazapay brings
- More than $25 billion of annualized payment volume, as of July 31, 2026, rather than a completed calendar-year total
- Over 60 banking and fintech partners
- Local payout rails covering more than 100 markets
- More than 60% of transaction volume already running on stablecoins as of July 31
