Circle Receives In-Principle Approval from Monetary Authority of Singapore

$USDC issuer Circle announced that it has received In-Principle Approval from the Monetary Authority of Singapore (MAS), which allows Circle to offer digital payment token products, cross-border and domestic transfer services in the country.

"As one of the world's leading financial hubs, Singapore is instrumental to Circle's regional and global expansion plans in raising global economic prosperity," said Jeremy Allaire, co-founder and CEO of Circle.