Circle acquired Singapore-based cross-border payment platform Tazapay for $400 million in stock

American crypto company Circle announced its acquisition of Singapore-based cross-border payment platform Tazapay for $400 million in cash (in stock form). This transaction aims to expand Circle’s business footprint in the Southeast Asian market and integrate its cross-border payment capabilities. Tazapay is a digital wallet and payment service provider focused on the Southeast Asian region, with a wide network of merchants and local operational experience. Through this acquisition, Circle will incorporate Tazapay’s payment infrastructure into its existing stablecoin ecosystem, further enhancing its competitiveness in the regional fintech sector. The transaction has now entered the final settlement phase, and both parties indicate promising prospects for cooperation.