Circle to acquire Tazapay for $400M to expand USDC payment network
- —The $400 million deal is payable in Class A shares and is set to close in 2027
- —Tazapay processes over $25 billion in annualized payments, 60% using stablecoins
- —Reserve interest made up 95.2% of Circle's Q2 2026 revenue
- —Other revenue rose 41% year over year to $34 million but fell 19% from Q1
Why it matters: The deal widens USDC acceptance in local currencies, but lower reliance on reserve interest will only be proven after closing.
Source: TokenPost