Circle Buys Tazapay ~$400M: USDC Cross-Border Payments Bet

Circle (NYSE: CRCL) signed a definitive agreement on Sept 8, 2026 to acquire Singapore-based B2B cross-border platform Tazapay — ~$400M all-stock per Tikr analysis — adding 60+ banking/fintech partners, 100+ payout markets, and ~$25B annualized payment volume (as of July 31, 2026), with ~60% of that volume already including stablecoins.

Close targeted for 2027, subject to MAS and other approvals. In this OnlyFintechs episode we unpack why Circle is buying local rails instead of renting them; how Tazapay was already a Circle Payments Network design partner since 2025; and the hard investor test: Q2 reserve income was ~$668M vs ~$34M other revenue — payment volume is not revenue.

What you’ll learn: take-rate vs volume; all-stock deal structure; and how this sits next to Circle’s own trust-bank path and Nu Global’s USDC rails.

Keywords: Circle, CRCL, Tazapay, USDC, stablecoin payments, cross-border, Circle Payments Network, MAS, fintech M&A.

#Circle #USDC #Tazapay #Stablecoin #Payments #CrossBorder #CRCL #Fintech #PodcastDrop