Circle to acquire Tazapay in $57.9M Series B-backed deal for cross-border USDC payments

Circle, the New York-based stablecoin issuer and payments platform, has finalized plans to acquire Singapore-based cross-border payments firm Tazapay, a move expected to bolster its global payment infrastructure. The deal, subject to customary closing conditions and regulatory approval from the Monetary Authority of Singapore, is anticipated to close in 2027. Tazapay currently processes over $25 billion in annualized payment volume, serving more than 60 banking and fintech partners with local payout rails spanning over 100 markets. The company’s August 2025 Series B funding round, which included investments from Ripple (XRP) and Circle itself, raised $57.9 million, according to Traxcn data.