Circle To Invest in Singapore as part of Always-On Global Infrastructure

Circle To Invest in Singapore as part of Always-On Global Infrastructure

Company Updates

Circle has announced plans to expand to and invest in the Singapore market and initiate the application process to obtain applicable Singapore licenses and registrations. In connection with this application process, Circle will be establishing a hub for the broader Asia-Pacific market based in Singapore.

Also the principal operator of USD Coin (USDC), a fully reserved dollar digital currency, Circle is looking for partners to experiment in stablecoin innovations in the Singapore market as part of a Lighthouse Project with the Monetary Authority of Singapore (MAS) observing and guiding the design of the project. Circle's Singapore investment initiative aims to demonstrate how digital currencies, open payment systems, and innovation-forward fintech regulations can solve business and regulatory challenges while fueling economic growth and Web3 financial innovations.

“MAS has always been at the forefront of fintech innovation,” said Jeremy Allaire, Co-founder and CEO of Circle. “We are honored to work with MAS and look forward to collaborating with Singaporean businesses on our innovation initiatives.”


“We welcome Circle as the operator of one of the world’s fastest growing stablecoins,” said Sopnendu Mohanty, Chief Fintech Officer at MAS of Circle’s new commitments to the region. “We know they will bring innovation, investment and opportunity to Singapore and we look forward to supporting their lighthouse project.”

With MAS’s support and enthusiasm, Circle is expanding its business horizons and building the always-on global infrastructure needed for fintech experimentation and innovation.

As Circle looks to deepen its commitment to the region by investing in the Singapore market, Circle Co-Founder, Chairman and CEO Jeremy Allaire and CSO and Head of Global Policy Dante Disparte are participating as speakers during the Singapore Fintech Festival 2021.

Related blogs

View all
Avalanche EUROC Blog
Company Updates

Avalanche EUROC: Expanding Access to the Euro

Team Circle | May 25, 2023

Avalanche EUROC is here! We’re excited to announce that Euro Coin has gone multi-chain. Now natively on Avalanche for developers and their users. Learn more.

Read story about Avalanche EUROC: Expanding Access to the Euro
defending dollar competitiveness currency in the crossfire Circle Foreign Policy
Company Updates

Defending Dollar Competitiveness

Team Circle | May 16, 2023

Discussion about the opportunity for policymakers to reinvigorate the U.S. dollar and keep its global competitiveness at the “Currency in the Crossfire” event.

Read story about Defending Dollar Competitiveness
From the Cloud to the Blockchain
Company Updates

New Operating System for Money: Circle's Role in Digital Transformation

Li Fan | April 20, 2023

Blockchain is the next level of digital transformation. Learn how the combination of web3 and stablecoins on the corporate cloud is attracting enterprises.

Read story about New Operating System for Money: Circle's Role in Digital Transformation