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Circle Singapore Obtained Major Payment Institution (MPI) License

Circle Internet Singapore Pte. Ltd. (Circle Singapore), an affiliate of Circle Internet Financial, LLC (Circle), has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services, alongside cross-border money transfer services and domestic money transfer services in the city-state via its various products and services, including the Circle Account, which allows institutional customers access to USDC. USDC, issued by Circle, is a digital dollar, also known as a stablecoin, that is available 24/7 and moves at internet speed.

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