Jeremy Allaire, Co-founder and CEO of Circle, stated the following regarding the matter: "Singapore is an integral part of Circle's global expansion and our mission to elevate global economic prosperity through frictionless value exchange. We are honored to receive the MPI license from MAS and are committed to being a part of Singapore's dynamic economy by advancing the future of financial technology innovations, revitalizing the emerging technology and fintech sectors, and fostering the growth of Singapore as a hub for innovation."

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