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<p class="is-style-lead">Southeast Asia’s premier tech startup, Grab is teaming up with USDC stablecoin issuer Circle to pilot a web3 wallet within its super-app.</p> 
<p>The announcement came on Sept. 14, with Circle revealing that these new services would be accessible to Grab users in Singapore via the newly introduced “Grab Web3 Wallet”.</p> 
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   <p lang="en" dir="ltr">1/ We are excited to unveil our partnership with <a href="https://twitter.com/GrabSG?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@GrabSG</a> to pilot <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Web3</a> consumer experiences in Singapore through the integration of our new Web3 Services platform via the Grab Web3 Wallet.<a href="https://t.co/UcqjQX7Y2r" target="_blank" rel="noopener noreferrer nofollow">https://t.co/UcqjQX7Y2r</a></p>— Circle (@circle) <a href="https://twitter.com/circle/status/1702175035337916586?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 14, 2023</a> 
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<p>This integration with Circle’s fresh web3 services platform within the Grab app aims to facilitate traditional companies embracing stablecoins, digital assets, and smart contracts.</p> 
<p>Eligible users of the Grab app now have the opportunity to establish a blockchain-enabled wallet where they can earn rewards and collectibles alongside utilizing non-fungible token (<a href="https://crypto.news/tag/nft/" data-type="link" data-id="https://crypto.news/tag/nft/" rel="noopener noreferrer nofollow">NFT</a>) vouchers.</p> 
<p> You might also like: <a href="https://crypto.news/circle-ceo-reveals-massive-usdc-adoption-outside-us/" rel="noopener noreferrer nofollow"> Circle CEO reveals massive USDC adoption outside US </a> </p> 
<p>As a special offering, the Grab web3 wallet is presenting SG Pitstop Pack NFT vouchers at renowned stores in Singapore, aligning with the forthcoming F1 Singapore Grand Prix event.</p> 
<p>This development follows last week’s buzz when industry spectators noticed a web3 tab featuring an integrated cryptocurrency wallet on the Grab app’s interface on Sept. 7.</p> 
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   <p lang="en" dir="ltr">BREAKING: Grab (taxi, food delivery, payments app) adds a web3 tab with an integrated crypto wallet <a href="https://t.co/NRuDsQT9dE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NRuDsQT9dE</a></p>— jay (@0xjaypeg) <a href="https://twitter.com/0xjaypeg/status/1699722155804758308?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 7, 2023</a> 
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<p>Circle’s co-founder and CEO, Jeremy Allaire, shared his enthusiasm on X (previously Twitter), highlighting the promising trend of prominent web2 companies embracing blockchain technology.</p> 
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 <p>“Piloting our technology with Grab’s customers brings us closer to realizing the full potential of responsible digital assets innovation.”</p> <cite>Jeremy Allaire, co-founder and CEO of Circle</cite> 
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<h2 class="wp-block-heading" id="grab-s-super-app">Grab’s super-app</h2> 
<p>Established in 2012 in Malaysia, Grab initially entered the market as a ride-hailing app, giving stiff competition to Uber in the region. Over the years, it has diversified its offerings, evolving into a super-app with services encompassing payment solutions (GrabPay), package delivery, ticket bookings, insurance, and more.</p> 
<p>Currently headquartered in Singapore, Grab operates in eight countries across Southeast Asia, boasting over 25 million monthly users and dominating the ride-hailing and food delivery sectors in Singapore.</p> 
<p>Currently, Grab is valued at approximately <a href="https://www.cnbc.com/2020/06/16/grab-disruptor-50.html" target="_blank" rel="noopener noreferrer nofollow">$14.9 billion</a> and is one of SEA’s most notable startups.</p> 
<h2 class="wp-block-heading" id="circle-s-expansion-in-singapore">Circle’s expansion in Singapore</h2> 
<p>The collaboration between Circle and Grab Singapore signifies a further step in Circle’s steady growth within the nation.</p> 
<p>Earlier in June 2023, Circle<a href="https://crypto.news/circle-receives-digital-token-license-in-singapore/" rel="noopener noreferrer nofollow"> secured a Major Payment Institution license</a> (MPI) from the Monetary Authority of Singapore (MAS) following the official inauguration of its office in May.</p> 
<p>This move was succeeded by a partnership with Tribe, a government-backed blockchain ecosystem developer in Singapore, fostering local Web3 development.</p> 
<p> You might also like: <a href="https://crypto.news/singapore-regulator-seeks-input-from-ripple-and-circle-on-stablecoin-regulation/" rel="noopener noreferrer nofollow"> Singapore regulator seeks input from Ripple and Circle on stablecoin regulation </a> </p>

Circle trials web3 wallet in Singapore with super-app Grab

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