Circle buys Tazapay for $400 million to expand USDC in emerging markets
- —Tazapay gives Circle payment rails in 100+ markets across Asia, the Middle East, and Latin America
- —USDC in circulation is about $74 billion, but it trails USDT in emerging regions
- —Markets price the probability of a Fed rate hike on September 15-16 at 86%
- —CRCL support at $90; to change momentum, it needs to consolidate above $95 and $100
Why it matters: The deal strengthens USDC's competition with USDT in developing countries and could accelerate growth in Circle Payments Network volumes.
Source: CoinCentral