Six years ago we set out to fix something that should not still be broken. Moving money across a border.
Today I am glad to share that Circle has signed an agreement to acquire Tazapay. Circle Internet Group, Inc. (NYSE: CRCL) is one of the world’s leading internet financial platform companies and through its subsidiaries is the issuer of USDC. Circle is building the world’s largest stablecoin network, which includes Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet.
Why this, and why now
Circle issues USDC and runs the network behind it. We built the licensed infrastructure that helps connect that network to local money — market by market, in local currency, on local rails. And we did it in the markets where demand for stablecoin-denominated payments is growing fastest. This transaction combines infrastructure that has never been combined at scale: regulated stablecoin issuance, a global financial platform built for internet speed, and compliant fiat-stablecoin bridging infrastructure anchored in the markets that matter most.
Virtual accounts, payouts, stablecoins and payment gateway. Licences and registrations across Singapore, the United States, Canada, Australia and Hong Kong. Local payout rails covering more than 100 markets. Relationships with 60+ banking and fintech partners.. Around 25 billion dollars in annualised payment volume, with more than 60 percent of it already includes stablecoins.
That last number is the one that explains this best. Our customers were not waiting for stablecoin settlement to arrive. They were already using it, at scale, through rails they trusted. Bringing that together with the network behind USDC is the logical next step, not a change of direction.
Circle has been part of this from early on. They were a partner from the beginning of our stablecoin work and came in as lead investor to our Series B extension. And, Tazapay was an early design partner for Circle Payments Network starting in 2025. This is not a new relationship. It is a deeper one.
What this means for our customers today
Nothing changes.
Contracts continue on existing terms. Virtual accounts, payout routes and settlement arrangements continue as they are. Integration needs no work. Account contacts stay the same. Tazapay remains Tazapay, with the same team and the same licences.
If anything does change in the future, our customers will hear it from us before it happens.
Over time we expect this to mean more routes, wider coverage, and the ability to move money in more corridors and outside local banking hours. When those are available, we will share the news.
What this means for the team
Tazapay continues as Tazapay. Same brand, same product, same roadmap. What changes is the scale we get to work at, and what we can take on next.
None of this happens without the Tazapay team. Delhi, Chennai, Bangalore, Singapore, and everyone across Asia, the Middle East and the Americas. Every licence, every corridor, every merchant. Thank you for building something that matters, every single day.
I am also grateful to Peak XV, and to every investor, partner and customer who backed this before any of it was obvious.
What happens next
The transaction is expected to close in 2027, subject to customary closing conditions and receipt of regulatory approvals, including approval from the Monetary Authority of Singapore. Until then, and after it, we operate as we do today.
This is a milestone, not a finish line. There is a lot more to build from here.
If you have questions about what this means for your business, your account manager is the best place to start.
Disclaimer: Stablecoin-related services are provided exclusively by Tazapay Canada Corp., a registered MSB under FINTRAC/CANAFE (Reg No. M21439799). Tazapay Pte. Ltd. (Singapore) does not provide Digital Payment Token services under the Payment Services Act 2019.
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