Circle has agreed to acquire Singapore-based payments infrastructure company Tazapay for $400 million in stock, expanding the USDC stablecoin issuers global cross-border payments network. According to a regulatory filing, Circle will determine the number of shares issued using its volume-weighted average closing price over the 20 trading days before the transaction closes. The final purchase price will be adjusted for Tazapays debt, cash and transaction-related expenses. Tazapay provides business-to-business payment infrastructure connecting financial institutions and payment companies with… Read more
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