Circle buys Tazapay for $400M to expand USDC into new markets
- —Deal value is $400M, buyer is USDC issuer Circle
- —Tazapay operates in more than 100 markets across Asia, the Middle East, and Latin America
- —USDC in circulation is about $74B, while USDT leads in developing countries
- —Tazapay will add licenses and local payment channels to Circle's CPN network
Why it matters: Circle is strengthening USDC in developing markets where USDT dominates, which could shift the balance of power among stablecoins.
Source: 動區 BlockTempo