Circle Doubles Down on Stablecoin Payments With Tazapay Acquisition

Circle Doubles Down on Stablecoin Payments With Tazapay Acquisition

Lekha Gupta

Tue, September 8, 2026 at 4:19 PM GMT+3 2 min read

• CRCL -3.32%

Circle Internet Group Inc. (NYSE:CRCL) said Tuesday it signed a definitive agreement to acquire Singapore-based cross-border payments platform Tazapay. Financial terms of the transaction were not disclosed.

The deal is expected to close in 2027. It remains subject to customary conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore.

Expands Global Payments Reach

Tazapay provides business-to-business payment infrastructure to payment service providers and financial institutions. The company processes more than $25 billion in annualized payment volume.

The acquisition will add more than 60 banking and fintech partners to Circle's network. It will also bring local payout capabilities across more than 100 markets.

About 60% of Tazapay's transaction volume already involves stablecoins, according to Circle.

"Stablecoin settlement is becoming core infrastructure in the global economy," Circle co-founder, Chairman and CEO Jeremy Allaire said.

Tazapay has worked as a design partner for the Circle Payments Network since 2025.

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Circle Targets Wider USDC Adoption

Circle said the acquisition will strengthen its payments infrastructure across Asia-Pacific and emerging markets. The company aims to expand the use of its USDC stablecoin for cross-border transactions.

The deal should also increase Circle's ability to originate and complete payments globally on a near-instant, 24/7 basis.

Tazapay customers are not expected to see changes to their service, APIs, pricing or support.

Circle said the acquisition supports its broader goal of building infrastructure for global digital finance.

The company reported $1.73 billion in cash and cash equivalents as of June 30, 2026.

CRCL Price Action: Circle Internet Group shares were down 1.74% at $100.27 during premarket trading on Tuesday, according to Benzinga Pro data.

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This article Circle Doubles Down on Stablecoin Payments With Tazapay Acquisition originally appeared on Benzinga.com

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