Stablecoin Issuer Circle Receives Digital Token License in Singapore

Circle Singapore has now received its Major Payment Institution (MPI) license for digital payment token services in Singapore, after having obtained in-principle approval last November. The license issued by the Monetary Authority of Singapore (MAS) allows Circle Singapore to offer digital payment token services,

Singapore Banks Are So Flush With Deposits That DBS Is Loaning MAS S$30 Billion

Singapore banks are flushed with deposits with few options to deploy them amid a tepid lending environment. The city-state’s central bank is one avenue.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseGeorge Santos Loses Bid to Shield the People ...