Circle’s $400M Tazapay deal buys emerging market links that take ‘years to build’

Circle’s reported US$400 million acquisition of Singapore-based Tazapay buys the licences, banking relationships and local payout rails that turn a stablecoin into money people can spend. CoinDesk opened its analysis with Gravity Team Co-Founder and CEO Mārtiņš Beņķītis, who read the deal as “the latest signal that stablecoins’ next battleground is in emerging markets”, where those networks are built “market by market, relationship by relationship”.