⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $Circle(CRCL.US) Circle to Acquire Tazapay, Expanding USDC-Powered Global Payments Infrastructure

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗖𝗶𝗿𝗰𝗹𝗲 signs definitive agreement to acquire Singapore-based 𝗧𝗮𝘇𝗮𝗽𝗮𝘆.

➤ Transaction is expected to close in 𝟮𝟬𝟮𝟳, subject to approvals.

➤ Deal requires regulatory clearance, including from 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲'𝘀 𝗠𝗔𝗦.

➤ Tazapay processes over $𝟮𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in annualized payment volume.

➤ Tazapay works with more than 𝟲𝟬 banking and fintech partners.

➤ Local payout infrastructure covers more than 𝟭𝟬𝟬 markets globally.

➤ Approximately 𝟲𝟬% of Tazapay's transaction volume already includes stablecoins.

➤ Acquisition expands Circle's global payment origination and settlement capabilities.

➤ Tazapay has supported 𝗖𝗶𝗿𝗰𝗹𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 since 2025.

➤ Circle expects no disruption to Tazapay's services, APIs, pricing, or support.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Acquisition could accelerate 𝗨𝗦𝗗𝗖 adoption in global B2B payments.

➤ Tazapay gives Circle established banking relationships and local payout rails.

➤ High existing stablecoin usage provides a natural distribution channel for 𝗨𝗦𝗗𝗖.

➤ Deal expands Circle's position in regulated cross-border payments infrastructure.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗝𝗲𝗿𝗲𝗺𝘆 𝗔𝗹𝗹𝗮𝗶𝗿𝗲, Co-Founder, CEO, and Chairman at Circle:

"Stablecoin settlement is becoming core infrastructure in the global economy, and combining USDC with Tazapay's world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption."

𝗥𝗮𝗵𝘂𝗹 𝗦𝗵𝗶𝗻𝗴𝗵𝗮𝗹, Co-Founder and CEO of Tazapay:

Circle has "the dollar infrastructure in USDC and the regulatory standing to take what we've built further than we could alone."