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Grab, Southeast Asia\u2019s super app and the biggest technology startup in the region, is piloting Web3 services in Singapore in collaboration with the USD Coin (USDC<\/a>) issuer Circle.<\/p>\n Announcing the partnership on Sept. 14, Circle said<\/a>\u00a0the new Web3 services are available for Singapore-based Grab users through the \u201cGrab Web3 Wallet.\u201d<\/p>\n The new services are enabled through integration of Circle\u2019s new Web 3 Services platform in the Grab app, which is designed to help traditional firms to adopt stablecoins, digital assets and smart contracts.<\/p>\n As part of the pilot, eligible Grab app users are able to set up a blockchain-enabled wallet, earn rewards and collectibles as well as use nonfungible token (NFT) vouchers.<\/p>\n The Grab Web3 Wallet already offers SG Pitstop Pack NFT vouchers at popular stores in Singapore during the upcoming F1 Singapore Grand Prix, the announcement notes.<\/p>\n The news about Grab\u2019s Web3 services first surfaced last week, with industry observers spotlighting<\/a> a Web3 tab with an integrated cryptocurrency wallet on Grab app\u2019s interface on Sept. 7.<\/p>\n \u201cLast week X was abuzz wondering about the newly launched Web3 Wallet in the Grab Singapore app. Today, Circle announced its partnership with Grab to power its new Web3 Wallet experience,\u201d Circle co-founder and CEO Jeremy Allaire<\/a> wrote on X (formerly Twitter).<\/p>\n Related: <\/em><\/strong>Singapore\u2019s central bank slugs Three Arrows founders with 9-year ban<\/em><\/strong><\/a><\/p>\n Allaire noted that it\u2019s \u201cincredibly promising\u201d to see major Web2 companies adopting blockchain technology, adding:<\/p>\n \u201cPiloting our technology with Grab\u2019s customers brings us closer to realizing the full potential of responsible digital assets innovation.\u201d<\/p><\/blockquote>\n Founded in 2012 as MyTeksi, Grab app is a multinational technology company headquartered in Singapore. The company operates a super-app for ride-hailing, food delivery and digital payments services on smartphones in countries like Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam. Grap app reportedly serves<\/a> more than 187 million users in 330 cities across Southeast Asia.<\/p>\n Circle\u2019s partnership with Grab Singapore builds on the company\u2019s ongoing expansion in the country. In June 2023, Circle obtained a Major Payment Institution license<\/a> from the Monetary Authority of Singapore after officially opening its office in May. Previously, Circle collaborated<\/a> with Tribe, Singapore\u2019s government-supported blockchain ecosystem builder, to support local Web3 development.<\/p>\n