Circle’s Major $400M Tazapay Deal Powers $25B USDC Growth
Circle is buying Tazapay to turbocharge USDC as a global payments rail in a $400 million all-stock deal announced on 8 September 2026. That catapults Circle Internet Group, Inc. (NYSE: CRCL), USDC issuer, from stablecoin provider to full-stack cross-border infrastructure company.
Based in Singapore, Tazapay is an enterprise B2B platform that underpins payment facilitators and institutions, concentrating over $25 billion in annualized volume across more than 100 countries through over 60 banking and fintech partners. Buying Live Payout Rails at Scale
The acquisition is a form of vertical integration. Tazapay offers last-mile fiat collection and payout rails that blockchains alone do not have. By acquiring a network where stablecoins account for 60% of volume, Circle sidesteps the need to establish country-by-country licenses, and strengthens its payments network (with whom Tazapay has been a design partner since 2025). Source: Investopedia
Also Read: Circle Bullish Massive 250M USDC Mint Hits $1.25B Surge
Industry Background
On the heels of Circle’s June Form I-1 filing for an IPO in the United States, we have the enactment of the new federal US stablecoin and crypto law called the GENIUS Act and a move by Circle to become a regulated payment system provider under a stablecoin settlement license with USD reserves as a central bank digital currency (CBDC). 🚨CIRCLE IS ACQUIRING TAZAPAY!
Tazapay processes $25B+ annually across 100+ markets, with 60% already involving stablecoins. Circle isn’t betting on stablecoin adoption.
It’s buying infrastructure already using it at scale. pic.twitter.com/GoFtzsx1WO
— ALLINCRYPTO (@RealAllinCrypto) September 9, 2026
The deal with Tazapay brings into question the competitive stance between Ripple, Tether, and various fintechs for the B2B segment. This is a great opportunity for investors, exchanges, regulators, and developers to explore new territories with great potential, as Tazapay is licensed in key jurisdictions such as Singapore, Canada, Australia, and the US, with EU, Hong Kong, and UAE pending applications.
Also Read: Philippine Crypto Regulation Tightens With 12-Month OPS Registration Freeze
Developments to Come
Closing the merger will require the approval of a Singaporean financial regulatory body, which is the Monetary Authority of Singapore (MAS). As per the agreement, the share exchange between Circle and Tazapay will be determined using a 20-day volume-weighted average price of its tokens (VWAP).
More Read
Source: PR Newswire
In the deal, they have not given up their team, as Tazapay employees who will become part of the Circle team will be retained by issuing up to $25 million through performance-based Restricted Stock Units (RSUs). Also Read: Lummis Warns CLARITY Act Failure Could Delay Crypto Rules Until 2030
Ananthyka J
Ananthyka J is a market reporter at Tronweekly, reporting on cryptocurrency news. She covers cryptocurrency markets, blockchain technology, and digital asset regulation, focusing on Bitcoin, Ethereum, DeFi, altcoins, and crypto policy.
Her reporting emphasizes clear and accurate market coverage, including crypto market movements, regulatory developments, and blockchain adoption. She holds a BA in Journalism and Mass Communication and an MA in Communication and Media Studies. She has also completed multiple media internships, follows strict editorial and fact-checking standards, and discloses potential conflicts of interest when reporting. Articles: 776
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