Circle to acquire Tazapay as it pushes USDC into cross-border B2B payments

Circle is set to acquire Singapore-based Tazapay in a deal announced on Sept. 8 and expected to close next year. For high-risk PSPs, the interesting part is not the headline number so much as the plumbing: local payout rails, banking relationships, and an institutional base already moving real volume with stablecoins.

1. Circle said it will use Tazapay’s infrastructure to accelerate adoption of its USDC stablecoin, especially for cross-border commerce. The company framed the acquisition as a way to originate and terminate payments globally, near-instant and 24/7, which is the sort of claim that matters when you are comparing stablecoin rails with traditional correspondent banking.
2. Tazapay brings more than $25 billion in annualized payment volume, 60-plus banking and FinTech partners, and local payout rails covering upwards of 100 markets, according to the release. That combination matters because stablecoin adoption does not scale on token theory; it scales on access to local settlement paths and counterparties who will actually touch the money at both ends.
3. Roughly 60% of Tazapay’s transaction volume already includes stablecoins, the news release said. In other words, this is not Circle buying a cold-start experiment and hoping for traction later; it is buying into flows where stablecoins are already part of the operating model.
4. Circle has been a Tazapay investor since last year, after taking part in the company’s Series B funding round. Circle’s senior vice president of payments, Irfan Ganchi, said Tazapay brings “deep payment infrastructure across APAC and emerging markets,” where Circle sees increasing demand for USDC-denominated transactions.
5. Tazapay co-founder and chief executive Rahul Shinghal said the company was built to reduce friction and dependency on banking rails that do not operate at the speed of global commerce. He added that Circle brings “the dollar infrastructure in USDC and the regulatory standing” to take Tazapay’s setup further than it could go alone.

PYMNTS Intelligence, in its report From Asset to Everyday Money: Making Digital Currencies Spendable, said cross-border B2B transfers make up the bulk of global stablecoin payment volume because they solve speed, cost, and currency exposure at the same time. That is the real business case Circle is buying into here: not retail speculation, but commercial payment flows where seconds and basis points matter.