CIRCLE AND GRAB PILOT WEB3 EXPERIENCES IN SINGAPORE

Summary from the TLDR Crypto newsletter

Circle announced that it had teamed up with Grab to trial new web3 services to consumers through the “Grab web3 Wallet.” The wallet enables users to create a blockchain-based wallet, accumulate rewards, and use NFT vouchers. This partnership presents a practical application of the Monetary Authority of Singapore's Project Orchid initiative, allowing the use of the SG Pitstop Pack NFT vouchers at select places during the upcoming F1 Singapore Grand Prix.