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<div class="cryptonews"> 
 <p class="is-style-lead">Southeast Asia’s premier tech startup, Grab is teaming up with USDC stablecoin issuer Circle to pilot a web3 <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> within its <a rel="dofollow" title="super-app" href="https://thebittimes.com/tag/super-app.html">super-app</a>.</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> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">1/ We are excited to unveil our partnership with @GrabSG to pilot #Web3 consumer experiences in Singapore through the integration of our new Web3 Services platform via the Grab Web3 Wallet.https://t.co/UcqjQX7Y2r</p>— Circle (@circle) September 14, 2023
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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 <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> where they can earn rewards and collectibles alongside utilizing non-fungible token (NFT) vouchers.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Circle CEO reveals massive USDC adoption outside US 
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 <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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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">BREAKING: Grab (taxi, food delivery, payments app) adds a web3 tab with an integrated crypto <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> pic.twitter.com/NRuDsQT9dE</p>— jay (@0xjaypeg) September 7, 2023
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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>
 </blockquote> 
 <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 <a rel="dofollow" title="super-app" href="https://thebittimes.com/tag/super-app.html">super-app</a> 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 $14.9 billion 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 secured a Major Payment Institution license (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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Singapore regulator seeks input from Ripple and Circle on stablecoin regulation 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/circle-trials-web3-wallet-in-singapore-with-super-app-grab-tbt62746.html">https://thebittimes.com/circle-trials-web3-wallet-in-singapore-with-super-app-grab-tbt62746.html</a></p>

Circle trials web3 wallet in Singapore with super-app Grab

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