Circle’s Irfan Ganchi: Stablecoin Growth Now Depends on Local Payment Infrastructure

Circle signed a big deal this week. The stablecoin issuer agreed to acquire Singapore-based cross-border payments platform Tazapay in a $400 million all-stock transaction. This adds more than $25 billion in annualized payment volume, more than 60 banking and fintech partners and payout coverage across more than 100 markets to its payments infrastructure. But the