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Circle Establishing Singapore Hub Amid Global Expansion
The USDC backer is also seeking stablecoin partners in the region.
By Brandy Betz
Updated May 11, 2023, 7:04 p.m. Published Nov 10, 2021, 12:00 a.m.
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Circle plans to establish a hub in Singapore in what the digital payment company calls a key part of its global expansion plans.
- “You cannot build an always-on, global internet finance business without considering Singapore as a hub,” said Dante Disparte, Circle’s chief strategy officer and global head of policy, in a press release. “The Monetary Authority of Singapore (MAS) has been an extraordinary regulatory partner as we have looked to expand our business horizons and invest in the Singaporean market.”
- The company will hire a Singapore-based leadership team for the hub and will submit applications to obtain the applicable licenses and registrations. Circle, the principal operator of USD coin, is also looking for partners to test stablecoin innovations in the local market with MAS observing and guiding the project design.
- Circle earlier this year announced plans to go public through a reverse merger with Concord Acquisition Corp, a publicly traded special acquisition company. The deal will value Circle at $4.5 billion and is expected to close before the end of the year.
- Earlier on Tuesday, Circle launched the Circle Ventures fund to back early-stage investments in blockchain companies.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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