Circle acquired the cross-border payment company Tazapay for $400 million in all-stock deal

Stablecoin issuer Circle announced a $400 million all-stock transaction to acquire Tazapay, a cross-border payment infrastructure company based in Singapore. According to the 8-K filing submitted by Circle to the U.S. Securities and Exchange Commission, both parties signed the acquisition agreement on September 4, and the transaction price will be paid in Circle Class A shares, adjusted based on Tazapay's debt, transaction fees, and cash position.

Circle stated that Tazapay brings over $25 billion in annualized payment volume (as of July 31, 2026), more than 60 banking and fintech partners, and local payment channels covering over 100 markets. As of July 31, over 60% of Tazapay's transaction volume has been conducted in stablecoins.

Tazapay has been a design partner of Circle's payment network since 2025, and this acquisition will transform this partnership into Circle's own business. The transaction is expected to be completed in 2027, pending regulatory approvals, including from the Monetary Authority of Singapore. Circle stated that the services, APIs, pricing, and support for Tazapay's customers will not be affected.