Circle, the company behind the USDC stablecoin, has officially announced its acquisition of Tazapay, a Singapore-based fintech firm specializing in cross-border payment infrastructure. The deal is valued at roughly $400 million and is intended to integrate Tazapay’s existing payment rails into Circle’s broader financial ecosystem.

By acquiring Tazapay, Circle seeks to expand its reach into the global business-to-business (B2B) payments market. Tazapay currently provides services that allow businesses to process payments across multiple countries, navigating complex local regulatory and banking environments. Circle intends to leverage this infrastructure to make it easier for enterprises to use USDC for international settlements, effectively bypassing traditional, slower banking networks.

While the acquisition marks a significant expansion for Circle, it also reflects a broader industry trend where major crypto-native firms are moving to acquire traditional fintech infrastructure to bridge the gap between digital assets and legacy finance. The deal remains subject to standard closing conditions and regulatory approvals. Neither company has provided a specific timeline for the full integration of services, though the move is widely viewed as a strategic play to capture market share in the growing sector of global digital payments.