Circle Acquires Tazapay to Expand USDC Cross-Border Payment Network
Source Summary
Circle is acquiring Tazapay, a payments platform that processes $25 billion in annualized transaction volume. Tazapay operates payout rails across more than 100 markets, enabling Circle to extend its USDC stablecoin payment capabilities globally.
Why it matters
The acquisition strengthens Circle's infrastructure for USDC payments across emerging and developed markets, directly expanding the stablecoin's utility for cross-border transactions.
