Circle advances stablecoin expansion through acquisitions and partnerships, with quarterly revenue and reserve income up 17%

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Circle is advancing its stablecoin expansion through the acquisition of Tazapay, expanding its stablecoin prefunding arrangement with Visa Direct, and partnering with Binance; Tazapay processes more than $25 billion in annual payments, about 60% of which involves stablecoins, and the acquisition is expected to be completed early next year.