Circle has signed a definitive agreement to acquire Singapore-based Tazapay, a B2B cross-border payments infrastructure company, in a transaction reported by Fintech Singapore at $400 million in all-stock consideration. Circle’s announcement did not disclose the price or payment structure. The deal remains subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore, with closing expected in 2027. Tazapay processes more than $25 billion in annualized payment volume, has more than 60 banking and fintech partnerships, and provides local payout rails across more than 100 markets. Circle said about 60% of Tazapay’s transaction volume includes stablecoins, without specifying the share represented by USDC. Tazapay has worked as a design partner for Circle Payments Network since 2025, and Circle said customers should see no disruption to services, APIs, pricing or support.