🔴 Urgent | Circle agrees to buy Singapore-based Tazapay platform for $400 million
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📰 The news
Circle, the issuer of the $USDC stablecoin, has signed a definitive agreement to acquire the Singapore-based cross-border payments platform Tazapay in a $400 million equity deal, to strengthen USDC’s infrastructure for international payments. Tazapay processes more than $25 billion in annual payment volume across more than 100 markets and with more than 60 banking and technology partners, with stablecoins already used in around 60% of its transactions. The deal is expected to close in 2027, subject to approval by the Monetary Authority of Singapore.
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📰 The news
Circle, the issuer of the $USDC stablecoin, has signed a definitive agreement to acquire the Singapore-based cross-border payments platform Tazapay in a $400 million equity deal, to strengthen USDC’s infrastructure for international payments. Tazapay processes more than $25 billion in annual payment volume across more than 100 markets and with more than 60 banking and technology partners, with stablecoins already used in around 60% of its transactions. The deal is expected to close in 2027, subject to approval by the Monetary Authority of Singapore.
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📍 Did you like the content? Like and follow
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