Circle agrees to acquire Tazapay 08 September 2026Singapore Reporter: Matthew Challis
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Circle has signed a definitive agreement to acquire Singapore-headquartered B2B cross-border infrastructure firm Tazapay, in a deal anticipated to finalise in 2027.
The transaction is subject to customary closing conditions and receipt of regulatory approvals, including from the Monetary Authority of Singapore (MAS).
According to the firms, Tazapay brings over US$25 billion of annualised payment volume, over 60 banking and fintech partners, local payout rails spanning over 100 markets, and approximately 60 per cent of its transaction volume involving stablecoins.
Speaking on the agreement, Jeremy Allaire, co-founder, CEO, and chairman at Circle, says: “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.”
Irfan Ganchi, senior vice president of payments at Circle, comments: “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.”
Rahul Shinghal, co-founder and CEO of Tazapay, adds: “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.”
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