Why Circle Internet Group Slumped by 11% This Week

Circle (CRCL) agreed to acquire Tazapay, a cross-border payments platform processing $25B in annual volume, 60% of which involves stablecoins. The deal, expected to close in 2027, will expand Circle's global payments network and USDC stablecoin adoption. CRCL shares were down 1.74% premarket.

Circle Internet Group (CRCL) agreed to buy Tazapay for $400M in stock, with the final amount depending on Tazapay's debt. Tazapay processes over $25B annually, with 60% in stablecoins. The deal is expected to close in 2027, pending approvals. CRCL stock is down 19% over the past year.

Circle (CRCL) agreed to acquire Tazapay for $400M in an all-stock deal, with completion expected in 2027. Tazapay processes $25B in annual payments, 60% using stablecoins. CRCL shares fell 5.8% on Tuesday, closing at $96.18. The deal requires regulatory approvals and includes stock-based adjustments.

Circle Internet Group (CRCL), the second-largest issuer of the USDC stablecoin, will expand its payment network by acquiring Tazapay, a Singapore-based B2B cross-border payment firm, for $400 million in stock. The deal, pending regulatory approval, aims to accelerate USDC distribution globally. Tazapay processes over $25 billion annually and partners with 60+ banks. Circle shares fell 5.75% to $96.18 post-announcement.

Circle (CRCL) stock fell 4.07% to $97.90 after announcing the acquisition of Tazapay, which processes over $25B annually. The deal, pending regulatory approval, is expected to close in 2027. Tazapay's infrastructure supports stablecoin transactions and cross-border payments.

Circle (CRCL) shares fell 5.10% to $96.84 on September 8, 2026, after announcing a $400M deal to acquire Tazapay, a B2B payments platform. The stock traded between $96.44 and $100.80 with below-average volume. The acquisition aims to expand Circle's global payment capabilities and USDC adoption, but shares declined despite the news. The company's market cap stands at $26.422B, with a P/E ratio of 19.42.