Circle2026-10-16 12:48:41Circle targets about 40 emerging markets as USDC expansion acceleratesCircle is pushing deeper into emerging and developing economies as it looks to widen the reach of USDC. Speaking to Reuters in Bangkok during the International Monetary Fund and World Bank annual meetings, Circle CEO and Chairman Jeremy Allaire said the company is actively moving into roughly 40 markets, arguing that blockchain adoption is nearing a broader scale-up beyond early users. Reuters said the push is backed by Circle’s $400 million acquisition of Singapore-based cross-border payments firm Tazapay and Binance’s $100 million strategic investment. The report also said USDC holds about 25% of the stablecoin market, while Tether’s USDT is close to 60%, with USDC circulation up 19% year over year in the second quarter to $73.3 billion. Allaire also pointed to the coming effect of the U.S. GENIUS Act, rising competition from banks, and growing machine-to-machine micropayments by AI agents as major forces shaping adoption.280
Circle2026-10-16 11:00:32Circle says stablecoins are entering the mainstream as it targets about 50 emerging marketsCircle is preparing a broader push into emerging economies as demand for stablecoins rises across Southeast Asia, Latin America and the Middle East, according to CEO Jeremy Allaire. He said the sector is at an inflection point, moving from an early-adopter phase in blockchain into mainstream scale. Allaire said USDC currently has roughly $72.6 billion in circulation, giving it about a quarter of the stablecoin market, while Tether’s USDT accounts for nearly 60%. Circle has also agreed to acquire Singapore-based payments company Tazapay for $400 million, a deal he said would provide access to local banking and payment networks in more than 100 markets and support expansion in regions where USDT has traditionally been dominant. He also pointed to Arc, a blockchain built for payments and financial transactions, and said Circle received approval for a U.S. federal trust bank in July. Allaire added that clearer regulation, including the U.S. GENIUS Act, is encouraging broader adoption. He said banks developing their own digital currencies is a positive sign, and noted that AI agents are increasingly using USDC to make small autonomous payments for information and online services.220
Circle2026-09-29 01:30:02Circle loses two long-serving directors as CFO prepares exit and board shrinks to sevenCircle disclosed on Sept. 25 that co-founder Sean Neville resigned from the board effective immediately, while Chief Financial Officer Jeremy Fox-Geen is set to hand over his role by year-end. The move follows the earlier departure of lead independent director Rajeev Date, cutting the board from nine seats to seven in a matter of months. In regulatory filings, Circle said the board exits were part of an orderly refresh process and that Fox-Geen’s departure did not stem from any disagreement over the company’s operations, policies, or practices. The leadership changes come at a time when Circle is still leaning heavily on reserve income tied to USDC. At the end of the second quarter, USDC circulation stood at $73.269 billion, up 19% year over year but down about 4.8% from the prior quarter. Circle reported $701 million in revenue and reserve income for the quarter, with $668 million, or about 95%, coming from reserve assets backing USDC. The company has also highlighted new growth areas, including the Arc network, a proposed acquisition of Singapore-based payments platform Tazapay, and a five-year USDC promotion agreement with Binance. Public filings do not provide a single shared reason for the departures of Date, Neville, and Fox-Geen. What they do show is a company managing executive and board turnover while trying to prove that businesses beyond reserve interest can scale into a more material part of its revenue mix.650
Circle2026-09-14 03:04:41Circle reportedly plans $400 million Tazapay deal to expand USDC in emerging marketsCircle is reportedly set to acquire Singapore-based payments firm Tazapay for $400 million, a deal that would bring local payment rails, banking relationships and licenses across more than 100 markets into the USDC issuer’s network, according to a CoinDesk exclusive. The report frames the move as a push to strengthen Circle’s cross-border payments stack, especially in regions where Tether’s USDT has long held the upper hand, including parts of Asia and Latin America. Tazapay’s footprint could help Circle address the local compliance, collection and payout work that its Circle Payments Network does not directly handle today. The story also places the acquisition in a broader race over stablecoin payments, where banks in the U.S. and Europe are developing tokenized products and the Open USD initiative, led by Stripe with more than 100 participants including Visa, Mastercard and Coinbase, is also seeking a foothold.1210
Circle2026-09-13 13:00:00Circle’s $400M Tazapay acquisition targets emerging-market payment links for USDCCircle is buying Tazapay in a $400 million deal aimed at gaining access to the payment and market links the company has built across emerging markets, according to CoinDesk. The rationale is strategic rather than purely financial: those connections can take years to establish, making them difficult to replicate quickly. The move comes as competition in stablecoins shifts toward regions where digital dollars are being used more broadly for transfers and payments. One expert told CoinDesk that the next major battleground for stablecoins is in emerging markets. For Circle, the acquisition points to a push to widen USDC’s reach in places where rival Tether has long held a stronger position.860
Circle2026-09-09 10:53:10Circle to Acquire Tazapay in $400 Million All-Stock Deal to Fill CPN’s Local Payments GapCircle said it has signed an agreement to acquire Singapore-based cross-border payments infrastructure company Tazapay for about $400 million in stock, with the deal expected to close in 2027. The transaction centers on one issue: local payout infrastructure. Tazapay serves payment providers and financial institutions, operates local acceptance rails in more than 100 markets, and connects with over 60 banks and fintech firms. As of July 31, 2026, its annualized payment processing volume exceeded $25 billion, with roughly 60% tied to stablecoins. Circle sees that footprint as a way to speed up the buildout of Circle Payments Network, or CPN, by adding bank relationships, compliance coverage, and local acceptance capabilities that are difficult to assemble market by market. The market reaction was more cautious in the short term, with Circle shares falling about 5% to 6% after the announcement. The deal still requires regulatory approvals, including from the Monetary Authority of Singapore, and its long-term value will depend on whether network expansion turns into actual payment volume, a higher stablecoin mix, and sustainable fee revenue rather than simply broader access.1140
Circle2026-09-09 07:14:26Circle acquires a local stablecoin payments gateway in SingaporeCircle has acquired a local stablecoin payments entry point in Singapore, with Tazapay at the center of the deal. Based on the available information, the transaction shifts the conversation around stablecoin payments from whether the model can function at all to whether it can scale in practice. No transaction value, closing timeline, or additional deal terms were disclosed in the source material provided here. The report frames Tazapay as a local payments access point tied to Circle’s push in Singapore, while keeping the focus on execution and scale rather than broader market claims. With only limited source details available, the key takeaway is narrow but clear: the acquisition places Tazapay in a test of whether stablecoin payments can move beyond basic viability and support larger-scale use.260
Circle2026-09-08 10:28:33Circle Acquires Cross-Border Payment Platform Tazapay in $400M Stock DealCircle announced it will acquire cross-border payment platform Tazapay in a deal valued at $400 million in company stock. Tazapay is a cross-border payment platform, and Circle is a stablecoin issuer.900
