Circle buys Tazapay in $400M all-stock deal

Circle agreed to acquire Singapore-based payments company Tazapay for $400 million in an all-stock transaction, according to a Sept. 8 announcement and an accompanying U.S. regulatory filing. Summary Circle agreed to acquire Tazapay for $400 million in stock, subject to regulatory approvals globally. Tazapay processes more than $25 billion annualized volume through payout rails spanning over 100 markets worldwide. Circle says stablecoins already account for approximately 60% of Tazapay’s total transaction volume across markets. Deal completion requires MAS approval and other customary conditions, with closing currently expected during 2027. CRCL shares fell 5.8% Tuesday, closing at $96.18 after the acquisition was publicly announced earlier. The Circle Tazapay acquisition is expected to close in 2027. Completion remains subject to customary conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore. Circle plans to use Tazapay’s banking connections and local payout infrastructure to extend USDC-based payments across Asia-Pacific and emerging markets. Tazapay processes more than $25 billion in annualized payment volume and supports payout rails...