According to Golden Finance news, USDC stablecoin issuer Circle plans to develop in the Asian market and use Singapore as its regional operations center. In 2022, Circle received approval from the Monetary Authority of Singapore to provide digital payment token services as well as cross-border and domestic transfer capabilities in Singapore.

Circle Vice President Yam Ki Chan said at Korea Blockchain Week that the company is studying how to develop Web3 business and support a broader Web3 ecosystem, so Asia has become an important region for its development. Looking forward to the future, Circle will continue to focus on areas such as DeFi and BRC 20, actively expand the Asian market, and help the blockchain industry prosper.