Circle Internet Group has signed a definitive agreement to acquire Tazapay, a Singapore-based business-to-business (B2B) cross-border payments company, in a deal aimed at accelerating adoption of its USDC stablecoin for global commerce.
Meanwhile, Tazapay brings more than $25 billion in annualized payment volume, banking in over 100 markets, and 60-plus fintech partners. Circle said that infrastructure will help make USDC a faster, more accessible payment rail across Asia-Pacific and emerging markets.
About Circle’s acquisition of Tazapay
The companies expect to close the acquisition in 2027 pending regulatory approvals, including sign-off from the Monetary Authority of Singapore. It deepens a relationship that began in 2025, when Tazapay served as a design partner for Circle Payments Network.
Approximately 60% of Tazapay’s existing transaction volume already involves stablecoins, according to Circle. That underscores how far the Singapore-based platform had already moved toward digital-asset settlement before announcing the deal. Circle is the issuer of USDC, one of the world’s largest dollar-backed stablecoins.
“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,” said Jeremy Allaire, co-founder, CEO and chairman at Circle, in a press release. “Tazapay has been a design partner for Circle Payments Network since 2025 and we share a deep alignment. We are excited to bring the team in-house and work together towards accelerating Circle’s mission.”
Tazapay officials also heralded the move.
“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,” said Rahul Shinghal, co-founder and CEO of Tazapay. “Circle has the dollar infrastructure in USDC and the regulatory standing to take what we’ve built further than we could alone. That’s what makes this the right move and what we’re focused on delivering together.”
Implications of increased USDC stablecoin adoption
Robin Anderson, head of product at Tribe Payments, said the deal shows where stablecoins are gaining traction.
“I don’t think we’re quite there yet on the consumer side — where people wake up and decide they want to pay with USDC,” Anderson said. “But on the payment infrastructure side, it’s a different conversation.”
Anderson noted that Tazapay already has payment rails across more than 100 markets.
“That gives Circle something it would take years to build from scratch — connections into local payment methods, currencies and regulatory environments, as well as an established base of businesses already moving money internationally. It creates a much more direct route for USDC to be used in real-world cross-border commerce,” Anderson said.
He noted stablecoins can help in cross-border payments to solve aspects such as:
- settlement times
- restricted banking hours
- trapped liquidity
- the number of intermediaries involved in the payment ecosystem
“This fits that use case well,” Anderson said. “However, stablecoins aren’t likely to replace the existing payment system wholesale. Businesses will still need reliable ways to move between stablecoins and local currencies, manage compliance and reach recipients who want to be paid through familiar local methods. Tazapay helps Circle bridge those two worlds.”
He observed that the customer at either end probably won’t know a stablecoin is involved.
“And I’m not sure they need to,” Anderson said. “If the money gets where it needs to go more quickly, predictably, and with fewer steps in between, that’s the part that counts. For me, this deal is another sign that stablecoins are starting to become part of the payment infrastructure rather than something sitting off to the side of it.”
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