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Circle's $400 million Tazapay acquisition tests how far stablecoin infrastructure can scale

9/12/2026

A $400 million all-stock acquisition of Singapore-based Tazapay brings Circle Internet Group $25 billion in annualized payment volume, rails across more than 100 markets, and more than 60 banking and fintech partners.

The case for the deal starts with stablecoin overlap: roughly 60% of those markets already incorporate stablecoins, and Circle issues USDC.

The transaction still needs Monetary Authority of Singapore approval and is not expected to close before 2027.

Jeremy Allaire, Circle's co-founder and CEO, said the combination should accelerate worldwide USDC adoption by pairing it with Tazapay's banking relationships and local payment infrastructure.