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Market · Singapore · Wed 9 Sept · 1 min read

Circle buys Tazapay; stablecoin rails consolidate fast

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What happened

Circle acquiring Singapore-based Tazapay for approximately $400 million in stock gives the world's largest regulated stablecoin issuer its own cross-border payment infrastructure in Southeast Asia without a build phase. For Philippine operators evaluating stablecoin settlement partners, this matters immediately: Circle now controls both the stablecoin issuance and a proven regional payment rail, which is the combination BSP-aligned compliance teams are most likely to accept.…

Sources: Forkast

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