December 4, 2022

Circle Internet Financial Holdings, Inc. (Circle) today announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate a digital-only bank in Singapore. With this approval, Circle becomes the first U.S. digital-only bank to receive formal regulatory approval to operate in Singapore.

This news is a major milestone for Circle as we continue to build out our global presence. We now have more than 20 million customers in over 180 countries and we look forward to bringing the same great customer experience to Singapore as we do to other countries in Asia.

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