In a major announcement on Tuesday, November 14, USDC-stablecoin issuer Circle introduced its zero-fee minting facility dubbed Circle Mint. Currently, Circle will be launching this facility only in Singapore since it secured the Major Payments Institution (MPI) license from the MAS.
About the Circle Mint Facility
In a strategic move to ensure compliance and reliability for its customers in Singapore, Circle Mint Singapore announces its commitment to adhere to the Monetary Authority of Singapore (MAS) regulations. With this, Circle is also positioning itself as a trusted gateway to the world of digital currencies.
For Singapore-registered entities, Circle Mint Singapore offers a suite of benefits such as:
1. No Minting Fees: Customers can enjoy the advantage of zero fees for minting or redeeming USDC. This eliminates added risks, extra fees, and long transaction times often associated with brokers and resellers.
2. Instant Availability: Fiat funds from users’ bank accounts can be swif
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