Stablecoin issuer Circle is acquiring Singapore-based cross-border payments company Tazapay for $400 million in stock, marking one of Circle's largest publicly disclosed acquisitions.
Circle will pay for the acquisition entirely in stock. Tazapay specializes in cross-border B2B payments, addressing a key market segment for digital payment infrastructure.
The deal represents Circle's continued expansion beyond stablecoin issuance into broader payments infrastructure. Circle previously issued USDC, a USD-backed stablecoin, and has been building out payment rails and merchant services.
Tazapay's platform enables businesses to send and receive international payments with reduced friction and lower costs compared to traditional banking channels. The company operates across Asia and serves SMEs and mid-market businesses.
The acquisition aligns with Circle's strategy to build an integrated payments ecosystem. By combining Circle's stablecoin infrastructure with Tazapay's cross-border payment network, the combined entity aims to offer end-to-end solutions for international commerce.
Circle has disclosed several major deals in recent years, including its acquisition of SeedInvest and Poloniex exchange. This transaction ranks among its largest publicly announced acquisitions.
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