Circle Internet Group, Inc. (NYSE: CRCL), the global financial technology firm and issuer of USDC, has announced that it has signed a definitive agreement to acquire TazaPay, a Singapore-headquartered B2B cross-border payments infrastructure company focused on serving payment service providers and financial institutions.

The deal is expected to close in 2027, subject to customary closing conditions and the receipt of regulatory approvals, including approval from the Monetary Authority of Singapore. Singapore has positioned itself as a hub for digital asset and payments regulation, with the Monetary Authority of Singapore operating a licensing framework for payment service providers, making regulatory approval a key gating factor for the transaction's timeline.

The acquisition continues a broader pattern of consolidation in the payments and stablecoin sector, where companies that issue or operate digital-dollar infrastructure have been acquiring traditional payment rails and licensing footholds to bridge blockchain-based settlement with legacy banking networks. Cross-border B2B payments remain a slow, costly segment of global commerce that stablecoin issuers have targeted as a primary use case.

"Stablecoin settlement is becoming core infrastructure in the global economy, and combining USDC with Tazapay's world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption," said Jeremy Allaire, Co-Founder, CEO, and Chairman at Circle. "Tazapay has been a design partner for Circle Payments Network since 2025 and we share a deep alignment. We are excited to bring the team in-house and work together towards accelerating Circle's mission."

The acquisition will accelerate Circle's mission to build the infrastructure layer for global digital finance. TazaPay brings:

• over $25 billion of annualized payment volume,
• 60+ banking and fintech partners,
• local payout rails covering over 100 markets,

adding scale to Circle's payments infrastructure. Approximately 60% of Tazapay's transaction volume already includes stablecoins, indicating substantial existing overlap between Tazapay's customer base and stablecoin-based settlement.

"Tazapay brings deep payment infrastructure across APAC and emerging markets, where we see increasing demand for USDC-denominated transactions. This acquisition will increase Circle's capability to originate and terminate payments globally, near-instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross-border commerce," said Irfan Ganchi, Senior Vice President of Payments at Circle. "Combined with Circle's existing network, Tazapay extends our coverage to move money anywhere stablecoin payments are being adopted globally."

"We built Tazapay to make payments faster, remove friction, and streamline dependency on banking rails that don't operate at the speed of global commerce. Circle has the dollar infrastructure in USDC and the regulatory standing to take what we've built further than we could alone. That's what makes this the right move and what we're focused on delivering together," said Rahul Shinghal, Co-Founder and CEO of Tazapay.

Tazapay customers can expect no disruption to their service, APIs, pricing, or support. Until the deal closes in 2027, both companies will continue operating as separate entities pending regulatory clearance, and further details on integration are expected as the transaction progresses.

Source: BitcoinKE