Stablecoin issuer Circle has received an in-principle license from the Monetary Authority of Singapore (MAS), allowing it to operate as a payments company in the country.

According to a press release, circle, which sought a Major Payments Institution License from the Singapore central bank, can now offer cross-border and domestic payment services. The company, which is behind the USDC stablecoin, can also offer token products. (Coindesk)