Circle to acquire Tazapay to expand USDC cross-border payments

Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027.

The transaction will also require customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement.

Tazapay has more than $25 billion in annualized payment volume and serves more than 60 banking and fintech partners with local payout rails covering more than 100 markets. The company said in August 2025 that annualized payment volume was $10 billion.

Circle previously invested in Tazapay, including in the startup’s August 2025 Series B round that brought the total amount raised to $57.9 million, according to Traxcn data. XRP-issuer Ripple was also an investor in that round.

Stablecoins account for about 60% of Tazapay’s transaction volume, according to Circle. The company said the acquisition will expand its ability to route payments to and from Asia-Pacific and emerging markets.

“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.