TLDRCircle agreed to acquire Tazapay for $400 million in stock.Tazapay processes more than $25 billion in annualized payment volume.Around 60% of Tazapay transactions already involve stablecoins.Tazapay connects customers to over 60 banking and fintech partners.The company supports payments across more than 100 markets.Circle has agreed to acquire Singapore-based payments company Tazapay in a stock deal valued at $400 million. The USDC issuer will use its share price before closing to determine the final number of shares issued. The calculation will use a 20-day volume-weighted average closing price and account for debt, cash, and transaction expenses.The purchase expands Circle’s payments network across more than 100 markets. Tazapay connects payment firms and financial institutions to over 60 banking and fintech partners through local collection and payout systems. The companies already work together, with Tazapay helping design Circle Payments Network since 2025.Circle Expands Regulated Payments ReachTazapay processes more than $25 billion in annualized payment volume. Circle said stablecoins already account for about 60% of the company’s transactions, showing how closely the business fits its payment strategy.The company serves more than 1,000 businesses and fintech firms across 30 countries. Tazapay also reported three straight years of doubled revenue. A Series B funding extension announced in March was led by Circle Ventures.Tazapay holds licenses or registrations in Singapore, Canada, Australia and the United States. It has also applied for approvals in the European Union, Hong Kong and the United Arab Emirates.These licenses give Circle access to payment routes that connect stablecoins with local currencies. Tazapay can support collections and payouts without requiring Circle to build separate banking relationships in every market.Deal Builds on Earlier AcquisitionsCircle has already completed several acquisitions across payments and blockchain infrastructure. It paid about $100 million for Hashnote in 2025 and previously bought Cybavo, Elements, and blockchain technology firm Malachite.The company also paid $209.9 million in stock for Coinbase’s share of the Centre Consortium in 2023. In July, Circle acquired nearly 1,000 blockchain patents from IBM. Tazapay would become its biggest disclosed purchase since the 2018 acquisition of Poloniex.The Tazapay deal is expected to close in 2027, subject to regulatory approvals. The Monetary Authority of Singapore must approve the transaction before completion, along with other required regulators. The transaction will depend on standard closing conditions before ownership formally transfers to Circle.Tazapay said its services, pricing and customer support will remain unchanged while the deal is pending.Circle Internet Group, CRCLCircle shares fell 2.7% to $99.30 during Tuesday’s session, while the stock remained up more than 25% year to date.The post Why Circle Is Spending $400M on Tazapay appeared first on Blockonomi.