The United States-based Circle Internet Group, the issuer of the USDC stablecoin, will acquire Singapore’s Tazapay, a cross-border business-payments company, in an all-stock deal to expand its global payments network.

In a statement on Tuesday and a filing with the U.S. Securities and Exchange Commission (SEC) on September 8, Circle said the all-stock deal is $400 million. The figure is in line with the number of shares based on Circle’s average price before completion and adjusted for Tazapay’s debt, cash, and expenses.

The deal is expected to close in 2027, subject to approvals including from the Monetary Authority of Singapore (MAS). Circle said Tazapay customers would see no disruption to service, pricing, or support.

Circle said Tazapay would extend its ability to send and receive payments worldwide around the clock and deepen USDC’s use in cross-border commerce, particularly in Asia-Pacific and emerging markets. Tazapay is a design partner for Circle’s payments network from 2025 and Circle’s venture arm invested in the company last year.

Tazapay handles more than $25 billion in annualized payment volume, works with over 60 banking and fintech partners and offers local payout coverage in more than 100 markets, Circle said. About 60 percent of Tazapay’s transaction volume already settles in stablecoins, it said.

Tazapay holds licences in Singapore, Canada, Australia, and the United States, with applications pending in the European Union, Hong Kong, and the United Arab Emirates (UAE).

The purchase is Circle’s first major acquisition since its June 2025 stock-market listing and among its largest disclosed to date.

Jeremy Allaire, Circle’s co-founder and chief executive, said stablecoin settlement was becoming core financial infrastructure. Rahul Shinghal, Tazapay’s co-founder and chief executive, said Circle’s dollar infrastructure and regulatory standing would let the company go further than it could alone.

Singapore’s Tazapay raises $36M Series B funding led by Circle Ventures