Circle has announced the acquisition of Tazapay, which will add over $25 billion in annual transactions to its payment network, of which approximately $15 billion are conducted in stablecoins. The deal provides the company access to payment infrastructure in more than 100 countries and adds over 60 partners from banks and fintech companies. This is Circle's second major expansion in a short period: two months ago, the company acquired a portfolio of blockchain patents from IBM. According to Jeremy Allaire, co-founder and CEO of Circle, "settlements in stablecoins are becoming the foundational infrastructure of the global economy."
Tazapay, the payment platform, already supports over 35 currencies and enables same-day settlements through banks. Moreover, more than 60% of Tazapay's payment volume is conducted in stablecoins, significantly simplifying integration with USDC. Tazapay has grown from annual volumes exceeding $10 billion in August 2025 to over $25 billion— – almost doubling in a year. By owning Tazapay's local payment infrastructure, Circle will be able to reduce reliance on intermediaries and accelerate cross-border transfers in USDC for businesses, leveraging already established channels in Asia and Latin America.
The deal is expected to close in 2027, and its success will depend on how well Circle can convert Tazapay's existing growth momentum into increased USDC volumes. As of this fall, Circle's payment network has reached $23 billion in annual transactions, up from $14.7 billion at the end of the second quarter, and the number of connected financial institutions has increased by 29% over three months to 175. These metrics will serve as benchmarks to assess whether the integration of Tazapay will lead to further acceleration in USDC activity or simply expand the existing infrastructure.