Circle gets its MPI from MAS.
Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution license from the Monetary Authority of Singapore . Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.
An MPI license allows Circle to offer digital payment token services and domestic and cross-border money transfer services, according to a statement released by the fintech firm, which is the issuer of the USD Coin and Euro Coin stablecoins. Circle has identified Singapore as its principal hub in Asia, according to the statement. Circle co-founder and CEO Jeremy Allaire
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