Breaking: Circle Receives Major Crypto Payments Institution License In Singapore

USDC stablecoin issuer Circle Internet Financial receives in-principle approval as a Major Payments Institution License holder from the Monetary Authority of Singapore (MAS). The company will provide digital payment token products, cross-border and domestic transfer services in the city-state. Moreover, Circle looks to drive institutional crypto adoption of USD Coin (USDC) in DeFi and Web3 in Singapore.