Singapore Web3 Wallets Trial to Be Launched by Superapp Grab and Stablecoin Issuer Circle

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To spend vouchers in non-fungible token (NFT) form and receive incentives, users of the ride hailing, food delivery, and digital payments app will have access to the Grab Web3 Wallet.

Grab (GRAB) and stablecoin provider Circle want to test a Web3 wallet within the Grab superapp.

The ride hailing, food delivery, and digital payment app users in Singapore will get access to the Grab Web3 Wallet where they may utilize vouchers in non-fungible token (NFT) form and earn prizes and collections, according to the firms. The pilot’s initial phase will take place on September 17 at the Singapore Grand Prix.

Grab is one of Southeast Asia’s most widely used consumer applications with a user base of over 180 million. The USD Coin (USDC) stablecoin, which is tied 1:1 to the dollar, is managed by Circle.

Circle CEO Jeremy Allaire said at Token2049 in Singapore, “I think it’s going to be very easy for us to imagine a world where we can take a billion users and have access to Web3, and therefore have access to transacting stablecoins.” Reporting was assisted by Amitoj Singh.


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