Stablecoin issuer Circle has entered into a definitive agreement to acquire UAE-based cross-border payments firm Tazapay in an all-stock deal worth $400 million. Tazapay provides payment orchestration and fiat-to-crypto rails across Asian and Middle Eastern markets.
The acquisition integrates Tazapay's existing commercial infrastructure into Circle's cross-border settlement ecosystem. This allows enterprise clients in the UAE and wider GCC to settle transactions using USDC alongside traditional fiat channels.
