Circle Internet Group (NYSE: CRCL), the issuer of the USDC stablecoin, has signed a definitive agreement to purchase Tazapay, a Singapore-based specialist in business-to-business cross-border payments. The announcement, made on September 8, 2026, positions the transaction as a way to broaden Circle’s payments infrastructure and speed the use of USDC in international commerce.
Tazapay supplies payment rails and last-mile capabilities to payment service providers and financial institutions.
It currently handles more than $25 billion in annualized transaction volume, works with over 60 banking and fintech partners, and supports local-currency collections and payouts in more than 100 markets. Roughly 60 percent of that volume already involves stablecoins.
The company holds relevant licenses or registrations in Singapore, the United States, Canada, and Australia, with additional applications pending in other jurisdictions.Circle will pay approximately $400 million in its Class A common stock.
The exact number of shares will be calculated from the volume-weighted average closing price over the 20 trading days before completion and will be adjusted for Tazapay’s cash, debt, and deal expenses.
Closing is targeted for 2027 and remains subject to customary conditions, including approval from the Monetary Authority of Singapore.
Circle has also indicated it will issue $25 million in restricted stock units to designated Tazapay staff after the deal closes, and the agreement includes employee-retention requirements.
The two firms already know each other well. Tazapay has served as a design partner for the Circle Payments Network since 2025, and Circle’s venture arm participated in Tazapay’s funding.
Circle co-founder, chief executive, and chairman Jeremy Allaire said stablecoin settlement is becoming core global infrastructure.
Combining USDC with Tazapay’s banking relationships, local payout networks, and institutional client base, he added, should accelerate worldwide adoption of the dollar-backed token.
For Circle the purchase is a form of vertical integration. Building comparable last-mile coverage, especially across Asia-Pacific and emerging markets, would take years.
Tazapay already operates those rails and has a customer base that includes more than a thousand companies and fintechs.
Circle has stated that Tazapay clients should experience no change in service, APIs, pricing, or support.
The deal continues a broader pattern of acquisitions by Circle after its 2025 public listing.
It follows earlier purchases of tokenized-fund and payments-technology businesses and a large patent portfolio.
By bringing Tazapay in-house, Circle aims to deepen the Circle Payments Network, lower per-transaction costs through greater scale, and give USDC a more direct path into everyday cross-border settlement.
If completed, the combination would give Circle both on-chain settlement tools and the traditional banking connections needed to move value into and out of local currencies around the clock. That pairing is intended to make stablecoin-based payments more practical for institutions that still rely on conventional rails for the final mile.