Circle has entered a definitive agreement to acquire Singapore-based cross-border payments platform Tazapay, in a deal intended to expand the reach of its global stablecoin payments business.

Tazapay provides payout coverage in more than 100 markets, processes over $25 billion in annualized payment volume and works with more than 60 banking and fintech partners. Circle said approximately 60% of Tazapay’s transaction volume already flows through stablecoins, supporting its effort to extend USDC-based payment infrastructure globally. USDC is the US dollar-backed stablecoin issued by Circle.

The transaction is expected to close in 2027, subject to regulatory approvals, including approval from the Monetary Authority of Singapore, the city-state’s central bank and financial regulator.

Circle expands its global payments network

The acquisition would broaden Circle’s payments operations and add Tazapay’s banking infrastructure, payout capabilities and institutional customer base to its network. Tazapay currently handles more than $25 billion in payments each year and provides connectivity for businesses sending money across borders.

Circle said it expects the combination to expand settlement options built on those rails and make international transactions easier and more efficient. The company announced the agreement in its official press release.

“The settlement of stablecoins is quickly transitioning into modern financial infrastructure,” said Jeremy Allaire, co-founder and chief executive officer of Circle. He said the integration of USDC with Tazapay’s banking infrastructure, payout capabilities and institutional client base could support the adoption of digital-dollar payments globally.

Tazapay adds stablecoin volume and emerging-market reach

Circle estimates that stablecoins account for about 60% of Tazapay’s transaction volume. The company said this reflects existing enterprise use of blockchain-based settlement to reduce costs and delays associated with traditional correspondent banking.

Tazapay has built a presence across the Asia-Pacific region and other emerging markets, where businesses continue to seek faster and lower-cost international payment services. Its network gives Circle access to payment corridors in which stablecoins are increasingly used for trade settlement, supplier payments, treasury operations and business-to-business transactions.

Irfan Ganchi, Circle’s senior vice president of payments, said the acquisition would strengthen the company’s ability to initiate and complete payments worldwide, near-instantly and 24 hours a day, seven days a week. He added that Tazapay’s infrastructure complements Circle’s network and extends its reach into markets where stablecoin payments are prevalent.

USDC moves beyond crypto-market trading

The agreement reflects the broader development of stablecoins as payment infrastructure. Stablecoins were initially used primarily to facilitate trading in crypto markets, while companies such as Circle are now deploying them for international commerce.

Cross-border payments are among blockchain’s major potential applications. Traditional international transfers can involve multiple intermediaries, limited banking hours and settlement delays. Stablecoins can enable value to move around the clock and settle more quickly.

Two checkpoints will define the deal’s progress from here: regulatory review by the Monetary Authority of Singapore and the expected closing in 2027, after which Tazapay’s payout network, banking partners and institutional customers would sit within Circle’s payments business.

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