Circle Acquires Cross-Border Payment Firm Tazapay for $400 Million in Stock

Stablecoin issuer Circle has announced the acquisition of Singapore-based cross-border payment infrastructure company Tazapay in an all-stock deal valued at $400 million. According to an 8-K filing with the SEC, the agreement was signed on September 4, with the consideration to be paid in Circle Class A shares. Tazapay brings over $25 billion in annualized payment volume and partnerships with more than 60 banks and fintech firms across 100 markets. As of July 31, 2026, over 60% of Tazapay's transaction volume was processed via stablecoins.