Izdajatelj USDC Circle prejme licenco za digitalni žeton v Singapurju

Izdajatelj USDC Circle prejme licenco za digitalni žeton v Singapurju

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Ključni odvzemi

  • Circle has received its Major Payment Institution (MPI) license for digital payment token services in Singapore.

  • The company was first issued an in-principle approval in November 2022. 

Circle receives a digital token licence in Singapore

Circle, the company that issues the USDC stablecoin, razglasitve on Wednesday, June 7th, that it has received its Major Payment Institution (MPI) license for digital payment token services in Singapore.

Ta najnovejše novice o kriptokurrenci comes after the company obtained in-principle approval last November.

According to the company, the license issued by the Monetary Authority of Singapore (MAS) allows it to offer digital payment token services, cross-border money transfer services and domestic money transfer services in Singapore. 

While commenting on this latest development, Jeremy Allaire, the CEO of Circle, said;

»Singapur je sestavni del globalne širitve in poslanstva družbe Circle pri dvigovanju svetovne gospodarske blaginje in prek izmenjave vrednosti brez trenja. Počaščeni smo, da smo od MAS-a prejeli licenco MPI, in ostajamo zavezani, da smo del singapurskega dinamičnega gospodarstva, tako da pospešujemo prihodnost inovacij finančne tehnologije v mestu-državi, dvigujemo njen nastajajoči tehnološki in fintech sektor ter ustvarjamo posel in kariero priložnosti za svoje talente za tehnologijo in finančno industrijo.«

Circle Singapore is an affiliate of Circle Internet Financial, the company that issues the USDC stablecoin. 

Circle falls behind Tether’s USDT

Circle has seen its USDC stablecoin take a hit this year due to the banking crisis in the United States. As the second-largest stablecoin by market cap, USDC has fallen behind Tether’s USDT in recent months.

At the moment, Tether’s USDT stablecoin has a market cap of $80.2 billion, more than twice that of USDC ($32.75 billion). 

Singapore’s MAS proposed stablecoin regulation last year, which introduced capital and reserve requirements for issuers. The regulatory agency also seeks to ban users from some crypto-related activities like staking and lending. 

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