Circle has agreed to acquire Singapore-headquartered cross-border payments infrastructure company Tazapay in an all-stock transaction with base consideration of $400 million, a deal that would bring local payout rails and banking relationships inside the USDC issuer’s payments business.
Circle signed the purchase agreement on Sept. 4, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. Payment will consist of Circle Class A shares equal to $400 million, adjusted for Tazapay’s debt, transaction expenses and cash. The share count will be calculated using Circle’s volume-weighted average closing price over the 20 trading days preceding the closing date.
The transaction is expected to close in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore. Closing remains pending until the required approvals are received and the other conditions are satisfied or waived, as applicable.
Circle said in a press release furnished as an exhibit to its 8-K that Tazapay brings more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and local payout rails covering more than 100 markets. Circle described the $25 billion as an annualized measure as of July 31, 2026, rather than a completed calendar-year total.
