Circle acquires Tazapay in $400M cross-border payments push

Circle $CIRCLE agreed to acquire Tazapay, a cross-border payments firm, for $400 million, expanding its regulated infrastructure for stablecoin settlement. The deal aims to bridge the gap between onchain stablecoins and traditional banking systems in emerging markets.

This strategic acquisition underscores accelerating adoption of blockchain-based payment rails for international transfers, with Visa $V reporting stablecoin settlement volume approaching a $20 billion annualized run rate, up 15x year-over-year. #derives #regulation #marche