Circle plans to use about US$400 million in an all-stock deal to acquire Singapore cross-border payments company Tazapay—though it hasn’t closed yet and still must clear regulatory review.
According to Circle’s official press release dated 2026-09-08 (Business Wire) and the related SEC 8-K from the same period: the proposed acquisition consideration is approximately US$400 million, to be paid entirely in stock; it is expected to be completed in 2027, subject to customary closing conditions and regulatory approvals, including from the Monetary Authority of Singapore (MAS). Press release figures: Tazapay’s annualized payment volume exceeds US$25 billion, covering 100+ local payout markets, 60+ banks and fintech partners, with approximately 60% of transaction volume involving stablecoins; it has served as a design partner for Circle Payments Network since 2025. The company’s stated rationale is to combine USDC with Tazapay’s banking network, local payout rails, and institutional customer base to strengthen cross-border settlement and payments capabilities. Prior to closing, services, APIs, pricing, and support will remain unchanged per the press release.
Independent verification: In a same-day bulletin, Odaily’s quick report citing Bitcoin.com News stated that key figures (US$400 million all-stock consideration, 2027 closing, MAS approval, US$25 billion annualized payments, 60+ partners, 100+ markets, and approximately 60% stablecoin-related transaction volume) are consistent with the Business Wire/8-K figures; subsequent coverage by outlets such as Yahoo Finance also points to the same transaction framework.
Data as of: 2026-09-08 UTC (the date of the official press release and 8-K disclosures); same-day Chinese-language coverage. For information sharing only and does not constitute investment advice. Whether the transaction will close and the final terms are subject to regulatory approvals and official disclosures.
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