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      Circle Acquires Tazapay for $400 Million to Enhance B2B Cross-Border Payments

      Circle, the issuer of the USDC stablecoin, has announced its acquisition of Tazapay, a Singapore-based cross-border payments platform, in a deal valued at $400 million. This acquisition marks Circle's largest investment to date and is expected to significantly enhance its capabilities in the B2B payments sector. Tazapay currently processes over $25 billion in annual payment volume, with approximately 60% of transactions utilizing stablecoins.

      Tazapay collaborates with more than 60 banking and fintech partners and operates local payout solutions across over 100 markets. The company holds licenses in Singapore, Canada, and Australia, with additional applications pending in other jurisdictions. The acquisition is subject to regulatory approvals, particularly from the Monetary Authority of Singapore, and is anticipated to close in 2027.

      Circle's CEO Jeremy Allaire and Tazapay's CEO Rahul Shinghal have emphasized the complementary strengths of their businesses. By integrating Tazapay's payment infrastructure with USDC's programmable dollar capabilities, the companies aim to streamline cross-border commerce, making it faster and more cost-effective. This strategic move follows Circle Ventures' earlier investment in Tazapay during its Series B funding round, which raised $36 million in March 2026.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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