Circle and Grab launch Grab Web3 Wallet in Singapore

Circle, the issuer of stablecoin USDC, has revealed a strategic alliance with Grab, the renowned ride-sharing company, with the aim of directly benefiting Singapore residents. This collaboration will result in the “Grab Web3 Wallet”, an innovative Web3 wallet that opens up a range of exciting opportunities for its users.

Circle enters strategic partnership to benefit Singaporean users

As Singapore strives to integrate blockchain technology and the Web3 into its agenda, Circle the issuer of the USDC stablecoin, has announced a strategic agreement that will mark a turning point for the country’s Web3 sector.

This strategic partnership involves an ambitious collaboration with Grab, the well-known car-sharing company. The main aim of this collaboration is to revolutionize the experience of crypto enthusiasts in Singapore.

In concrete terms, this initiative involves the integration of the Web3 Services platform from Circle within the Grab application, giving rise to the Grab Web3 Wallet. This is a wallet specially designed for Singapore residents, which will enable them to create their own portfolios blockchain-compatible wallets.

But that’s not all: Singaporean users will also have the opportunity to earn rewards, collect unique items and take advantage of non-fungible tokens (NFT).

As Web3 continues to gain influence across Asia, its appeal continues to grow. This is clearly demonstrated by the commitment of crypto giants such as Bitget, who are lending their support to other companies in the exciting world of Web3.