Crypto Market Update: Circle to Acquire Tazapay
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Here's a quick recap of the crypto landscape for Wednesday (September 9) as of 10:00 a.m. UTC.
Bitcoin price update
Bitcoin (BTC) was priced at US$78,953.41, trading 1.4 percent higher over the past 24 hours.
Bitcoin price chart
Chart via the Investing News Network
Bitcoin price performance, September 9, 2026.
Ether and altcoin price update
Bitcoin price performance, August 19, 2026.
- Ethereum (ETH) was priced at US$2,490.34, trading 1.8 percent higher over the last 24 hours.
- XRP (XRP) was priced at US$1.42, up by 2.7 percent over the past 24 hours.
- Solana (SOL) was trading at US$103.49, trading 1.5 percent higher over the past 24 hours.
Today's crypto news to know
CLARITY Act vote hinges on ethics talks, says Coinbase CPO
Coinbase Global policy chief Faryar Shirzad stated that the CLARITY Act faces two potential outcomes ahead of the Senate's scheduled September 15 procedural vote.
Shirzad emphasized in a recent conversation with Scott Melker that the the bill could fall just short of the 60 votes required for cloture, or a late bipartisan shift could provide enough support to clear the threshold.
Coinbase does not assume all 53 Senate Republicans will support the motion to proceed, meaning Republican defections increase the number of Democratic votes required.
While lawmakers expect to resolve technical disputes over decentralized finance and exchange rules, ethics provisions concerning President Donald Trump's crypto interests present the central risk. Senate Democrats criticize the proposed ethics language as insufficient, while Republicans maintain the bill contains meaningful safeguards.
The American Bankers Association separately urged senators to close a stablecoin yield loophole that could disrupt local bank lending.
Shirzad described a potential "jailbreak" scenario where initial Democratic support provides political cover for other lawmakers to vote yes. If the vote fails, Shirzad expects federal agencies to pursue over 100 administrative rules to replicate elements of the legislative framework.
Visa integrates onchain lending infrastructure
Visa (NYSE:V) announced a new onchain credit framework that combines VisaNet settlement data with blockchain lending infrastructure to supply working capital for stablecoin-linked card programs.
Over US$694 billion in stablecoin-denominated loans have moved through onchain protocols since 2020, yet most credit activity remained isolated within crypto markets.
Visa currently supports over 160 stablecoin-linked card programs, with payment volume surging nearly 200 percent year-over-year. The card giant's annualized stablecoin settlement volume recently passed US$20 billion, marking a 15-fold increase year-over-year.
The collaborated collaborated with fintech Credit Coop to automate funding, collateral management, and repayment through smart contracts. Credit Coop combined Visa settlement data with onchain records to finance over US$2.5 billion in cumulative settlement volume since 2023 with zero defaults across participating facilities. The system executed more than 3,000 borrow events and 9,000 repayment events programmatically onchain.
Circle to acquire Tazapay
USDC issuer Circle Internet Group (NYSE:CRCL) announced a signed agreement to acquire cross-border financial platform Tazapay.
The acquisition merges regulated stablecoin issuance with compliant fiat-to-stablecoin bridging infrastructure across Singapore, the US, Canada, Australia, and Hong Kong. Tazapay maintains local payout rails across more than 100 markets and processes around US$25 billion in annualized payment volume, with over 60 percent already involving stablecoins.
The transaction expands the Circle Payments Network and integrates with Arc, Circle's enterprise-grade blockchain designed as an economic operating system for the internet.
Tazapay will maintain its existing brand, operations, contracts, management team, and regulatory licenses without disrupting current customer workflows.
The parties expect the transaction to close in 2027, subject to customary closing conditions and regulatory approvals from the Monetary Authority of Singapore and other global authorities.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
