Circle to Acquire Tazapay to Expand USDC Payouts
The stablecoin issuer said the deal will add 60-plus banking and fintech partners and 100-plus payout markets to its ecosystem.
Circle Internet Group, Inc. (CRCL) said it has agreed to acquire Tazapay, a move the company framed as a step to widen the payout rails available to USDC holders. The deal is expected to close in 2027, subject to customary closing conditions and regulatory approvals, including from the Monetary Authority of Singapore.
The stablecoin issuer did not disclose a purchase price or a cash-versus-stock structure. It said the acquisition will bring more than 60 banking and fintech partners and more than 100 payout markets into the Circle ecosystem, accelerating USDC distribution at scale.
Circle describes itself as one of the world’s leading internet financial platform companies, building programmable blockchain infrastructure, digital assets, and payment applications around USDC, the Circle Payments Network, and Arc, an enterprise-grade blockchain. USDC in circulation stood at $73.3 billion at the end of the second quarter of 2026, up 19% from a year earlier, and on-chain transaction volume in that quarter was $14.8 trillion, up 151% year over year.
The company said the Tazapay deal is aimed at the last mile of stablecoin use: moving USDC out of wallets and into local currencies through existing banking relationships and payout networks. That is the same seam other payments platforms have been stitching together. Nuvei’s $2.75 billion cash acquisition of Payoneer, announced in June 2026, combined acceptance with cross-border payouts and multicurrency accounts across more than 190 countries. Bakkt completed an all-stock purchase of Distributed Technologies Research in April 2026, pairing regulated institutional rails with stablecoin infrastructure.
Jeremy Allaire, co-founder, chief executive officer, and chairman at Circle, said: “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.”
Circle’s own payout network has been scaling on its own. In the first quarter of 2026, the Circle Payments Network recorded $8.3 billion in annualized transaction volume on a trailing 30-day basis as of March 31, 2026, after 55 financial institutions had enrolled and 74 more were in eligibility reviews as of late February. In the second quarter, Arc moved toward a September 16 public mainnet launch, with a founding validator cohort that included BlackRock, DTCC, Mastercard, Visa, and Standard Chartered.
The Tazapay acquisition is expected to close in 2027, contingent on customary conditions and Singapore regulatory approval.