Circle Singapore

Crypto service provider · Singapore, Singapore

Circle Internet Singapore Pte. Ltd. holds a Major Payment Institution licence from the Monetary Authority of Singapore covering account issuance, domestic and cross-border money transfer and digital payment token services. Its product for a business is Circle Mint: connect a bank account, send a wire or a SEPA transfer, and receive USDC or EURC that can be redeemed one for one back into dollars or euro. Circle says minting and redemption are available in more than 185 countries, with currency conversion through regional banking rails in the Americas, Europe and Asia. Digital assets held through the US entity are custodied at Circle National Trust, a federally chartered trust bank. This is treasury and settlement infrastructure for companies that already work onchain, not a business current account.

Legal name: Circle Internet Singapore Pte. Ltd.
Regulated by: Monetary Authority of Singapore
Licence confirmed: yes, on a regulator's own list
Website: www.circle.com

Scores, 0 to 10

10.0Stablecoins (USDC, USDT and others)

Circle issues USDC and EURC, and Circle Mint Singapore gives businesses fee-free minting and redemption plus a Payouts API for third-party USDC payouts under its MAS licence. · source

9.0Crypto-friendly bank

The entity exists to serve crypto businesses: it is licensed for digital payment token services and mints and redeems the stablecoins those businesses settle in. · source

8.5On-ramp: buy crypto with fiat

Eligible Mint account holders mint USDC with zero fees against USD, EUR, SGD, GBP, HKD, CNH, MXN and BRL, with FX inside the account since August 2026; the only asset bought is USDC. · source

8.5Off-ramp: crypto to fiat in a business account

Redemption runs the same path in reverse, paying out to a linked local bank account in any of the 8 currencies nearly 24/7 where local rails allow, per the August 2026 Mint update. · source

7.5Fintech companies that need a partner bank

Payment firms and exchanges use Circle Mint as the direct fiat to stablecoin channel, with API integrations for programmatic minting and redemption. · source

6.5Asia-Pacific (SG, HK, AU, JP, KR)

A Singapore Major Payment Institution licence covering account issuance, domestic and cross-border money transfer and digital payment token services. · source

6.0Cross-border payments, FX and multi-currency accounts

Minting and redemption in more than 185 countries with conversion between USDC and EURC and local currencies through regional banking rails, but no published margin and no multi-currency bank account. Round-the-clock settlement and automatic transfers between the stablecoin balance and a bank account, but no cash pooling, hedging or multi-entity account structure. · source

6.0Financial strength & stability

Licensed by the Monetary Authority of Singapore with custody at a federally chartered trust bank structured to be bankruptcy remote, but the Singapore entity publishes no accounts or capital figures. · source

6.0Crypto wallet and custody for a business

Singapore-registered companies hold USDC and EURC balances in a Circle Mint account under Circle Singapore's MAS Major Payment Institution licence since 2023, but the account holds only Circle stablecoins, not other crypto. · source

5.5Lowest fees

Circle says going direct to the issuer avoids the extra fees of third-party channels, but it publishes no fee schedule on the Circle Mint page. · source

5.5Foreign-owned & non-resident companies

Mint and redeem are available in more than 185 countries subject to an eligibility check, but Circle publishes no list of accepted jurisdictions on the product page. · source

5.5Accept crypto payments

Businesses can accept USDC or EURC from third parties into deposit addresses through the Stablecoin Payins API, but Circle offers no merchant checkout with card-style fiat settlement in 2026. · source

4.5Fast digital onboarding

Onboarding starts with an eligibility check rather than open signup, and no time to approval is published. · source

4.5Startups & VC-backed companies

A funded web3 startup can qualify, but the eligibility gate, the absence of published pricing and the lack of an account product make it a poor first banking relationship. · source

3.5Best interest on business balances

No interest is paid on the Circle Mint balance and no treasury or savings product is published for Singapore customers. · source

3.5Online businesses: e-commerce and SaaS

No card acquiring, no collection accounts and no marketplace payouts; settlement is onchain. API integrations exist for programmatic minting, but there are no receiving accounts, accounting integrations or revenue financing for a software business. · source

3.0High-risk verticals (iGaming, cannabis, adult, forex)

Circle serves licensed digital asset firms and publishes no onboarding path for gambling, cannabis, adult or forex operators. · source

2.0Trade, manufacturing & import-export

No letters of credit, guarantees or supply chain finance. · source

2.0Ethereum

Companies can move USDC on Ethereum as an ERC-20 token, but Circle Mint does not sell or hold ether itself, checked September 2026. · source

1.5Customer satisfaction

Trustpilot 1.2 out of 5 from 81 reviews, with 82% one-star and no company replies to negative reviews. · source

1.5Business cards (Visa, Mastercard)

Circle Mint issues no business debit or credit card; funds move by wire, SEPA and blockchain transfer. · source

1.0Bitcoin

Circle Mint Singapore supports only USDC and EURC; no bitcoin buying, custody or transfer is offered, checked on its Mint pages in September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.