On September 14, Circle Internet Corp. rose 5.2% in regular trading, trading around $93.10 per share, with turnover of approximately $480 million. The rally was driven by a confluence of business expansion signals, headlined by the company's agreement to acquire Singapore-based B2B cross-border payments firm Tazapay.

The Tazapay deal, expected to close next year pending regulatory approval including from the Monetary Authority of Singapore, will significantly bolster Circle's global payments infrastructure. Tazapay processes over $25 billion in annualized payment volume across 100+ markets with 60+ banking and fintech partners, and approximately 60% of its transaction volume already involves stablecoins. The acquisition is reportedly valued at $400 million in stock.

Beyond the M&A headline, Circle has recently partnered with OKX to expand USDC liquidity and trading utility, collaborated with edgeX to launch an on-chain FX trading market on Arc mainnet, and secured a front-of-shirt sponsorship with Chelsea FC. Additionally, Keefe Bruyette & Woods initiated coverage with a Market Perform rating and a $105 price target. USDC circulation rose by a net $1 billion over seven days, while total stablecoin market capitalization surpassed $304.5 billion, underscoring strong industry momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)