diff --git a/Source/Core/Core/PowerPC/CachedInterpreter/CachedInterpreter.cpp b/Source/Core/Core/PowerPC/CachedInterpreter/CachedInterpreter.cpp
index 7b89fbf5a6..86f971d173 100644
--- a/Source/Core/Core/PowerPC/CachedInterpreter/CachedInterpreter.cpp
+++ b/Source/Core/Core/PowerPC/CachedInterpreter/CachedInterpreter.cpp
@@ -109,7 +109,8 @@ void CachedInterpreter::ExecuteOneBlock()
       break;
 
     case Instruction::Type::Interpreter:
-      code->interpreter_callback(*Interpreter::getInstance(), UGeckoInstruction(code->data));
+      code->interpreter_callback(Core::System::GetInstance().GetInterpreter(),
+                                 UGeckoInstruction(code->data));
       break;
 
     default:
diff --git a/Source/Core/Core/PowerPC/Interpreter/Interpreter.cpp b/Source/Core/Core/PowerPC/Interpreter/Interpreter.cpp
index 977c6cefad..4f2b3a89bd 100644
--- a/Source/Core/Core/PowerPC/Interpreter/Interpreter.cpp
+++ b/Source/Core/Core/PowerPC/Interpreter/Interpreter.cpp
@@ -27,13 +27,6 @@
 #include "Core/PowerPC/PowerPC.h"
 #include "Core/System.h"
 
-namespace
-{
-u32 last_pc;
-}
-
-bool Interpreter::m_end_block;
-
 namespace
 {
 // Determines whether or not the given instruction is one where its execution
@@ -63,13 +56,20 @@ bool IsInvalidPairedSingleExecution(UGeckoInstruction inst)
   return HID2(PowerPC::ppcState).PSE && !HID2(PowerPC::ppcState).LSQE &&
          IsPairedSingleQuantizedNonIndexedInstruction(inst);
 }
+}  // namespace
 
-void UpdatePC()
+void Interpreter::UpdatePC()
 {
-  last_pc = PowerPC::ppcState.pc;
+  m_last_pc = PowerPC::ppcState.pc;
   PowerPC::ppcState.pc = PowerPC::ppcState.npc;
 }
-}  // Anonymous namespace
+
+Interpreter::Interpreter(Core::System& system, PowerPC::PowerPCState& ppc_state)
+    : m_system(system), m_ppc_state(ppc_state)
+{
+}
+
+Interpreter::~Interpreter() = default;
 
 void Interpreter::Init()
 {
@@ -80,9 +80,7 @@ void Interpreter::Shutdown()
 {
 }
 
-static bool s_start_trace = false;
-
-static void Trace(const UGeckoInstruction& inst)
+void Interpreter::Trace(const UGeckoInstruction& inst)
 {
   std::string regs;
   for (size_t i = 0; i < std::size(PowerPC::ppcState.gpr); i++)
@@ -109,8 +107,8 @@ static void Trace(const UGeckoInstruction& inst)
 
 bool Interpreter::HandleFunctionHooking(u32 address)
 {
-  return HLE::ReplaceFunctionIfPossible(address, [](u32 hook_index, HLE::HookType type) {
-    HLEFunction(*Interpreter::getInstance(), hook_index);
+  return HLE::ReplaceFunctionIfPossible(address, [this](u32 hook_index, HLE::HookType type) {
+    HLEFunction(*this, hook_index);
     return type != HLE::HookType::Start;
   });
 }
@@ -135,14 +133,14 @@ int Interpreter::SingleStepInner()
   // if ((PowerPC::ppcState.pc & 0x00FFFFFF) >= 0x000AB54C &&
   //     (PowerPC::ppcState.pc & 0x00FFFFFF) <= 0x000AB624)
   // {
-  //   s_start_trace = true;
+  //   m_start_trace = true;
   // }
   // else
   // {
-  //   s_start_trace = false;
+  //   m_start_trace = false;
   // }
 
-  if (s_start_trace)
+  if (m_start_trace)
   {
     Trace(m_prev_inst);
   }
@@ -156,7 +154,7 @@ int Interpreter::SingleStepInner()
     }
     else if (PowerPC::ppcState.msr.FP)
     {
-      RunInterpreterOp(*Interpreter::getInstance(), m_prev_inst);
+      RunInterpreterOp(*this, m_prev_inst);
       if ((PowerPC::ppcState.Exceptions & EXCEPTION_DSI) != 0)
       {
         CheckExceptions();
@@ -172,7 +170,7 @@ int Interpreter::SingleStepInner()
       }
       else
       {
-        RunInterpreterOp(*Interpreter::getInstance(), m_prev_inst);
+        RunInterpreterOp(*this, m_prev_inst);
         if ((PowerPC::ppcState.Exceptions & EXCEPTION_DSI) != 0)
         {
           CheckExceptions();
@@ -319,6 +317,7 @@ void Interpreter::unknown_instruction(Interpreter& interpreter, UGeckoInstructio
   auto& system = Core::System::GetInstance();
   Core::CPUThreadGuard guard(system);
 
+  const u32 last_pc = interpreter.m_last_pc;
   const u32 opcode = PowerPC::HostRead_U32(guard, last_pc);
   const std::string disasm = Common::GekkoDisassembler::Disassemble(opcode, last_pc);
   NOTICE_LOG_FMT(POWERPC, "Last PC = {:08x} : {}", last_pc, disasm);
@@ -360,9 +359,3 @@ const char* Interpreter::GetName() const
   return "Interpreter32";
 #endif
 }
-
-Interpreter* Interpreter::getInstance()
-{
-  static Interpreter instance;
-  return &instance;
-}
diff --git a/Source/Core/Core/PowerPC/Interpreter/Interpreter.h b/Source/Core/Core/PowerPC/Interpreter/Interpreter.h
index ae2e87bff4..88dac22031 100644
--- a/Source/Core/Core/PowerPC/Interpreter/Interpreter.h
+++ b/Source/Core/Core/PowerPC/Interpreter/Interpreter.h
@@ -9,9 +9,25 @@
 #include "Core/PowerPC/CPUCoreBase.h"
 #include "Core/PowerPC/Gekko.h"
 
+namespace Core
+{
+class System;
+}
+namespace PowerPC
+{
+struct PowerPCState;
+}
+
 class Interpreter : public CPUCoreBase
 {
 public:
+  Interpreter(Core::System& system, PowerPC::PowerPCState& ppc_state);
+  Interpreter(const Interpreter&) = delete;
+  Interpreter(Interpreter&&) = delete;
+  Interpreter& operator=(const Interpreter&) = delete;
+  Interpreter& operator=(Interpreter&&) = delete;
+  ~Interpreter();
+
   void Init() override;
   void Shutdown() override;
   void SingleStep() override;
@@ -266,9 +282,6 @@ public:
   static Instruction GetInterpreterOp(UGeckoInstruction inst);
   static void RunInterpreterOp(Interpreter& interpreter, UGeckoInstruction inst);
 
-  // singleton
-  static Interpreter* getInstance();
-
   static void RunTable4(Interpreter& interpreter, UGeckoInstruction inst);
   static void RunTable19(Interpreter& interpreter, UGeckoInstruction inst);
   static void RunTable31(Interpreter& interpreter, UGeckoInstruction inst);
@@ -280,7 +293,7 @@ public:
 private:
   void CheckExceptions();
 
-  static bool HandleFunctionHooking(u32 address);
+  bool HandleFunctionHooking(u32 address);
 
   // flag helper
   static void Helper_UpdateCR0(u32 value);
@@ -290,7 +303,15 @@ private:
   static void Helper_FloatCompareOrdered(UGeckoInstruction inst, double a, double b);
   static void Helper_FloatCompareUnordered(UGeckoInstruction inst, double a, double b);
 
-  UGeckoInstruction m_prev_inst{};
+  void UpdatePC();
 
-  static bool m_end_block;
+  void Trace(const UGeckoInstruction& inst);
+
+  Core::System& m_system;
+  PowerPC::PowerPCState& m_ppc_state;
+
+  UGeckoInstruction m_prev_inst{};
+  u32 m_last_pc = 0;
+  bool m_end_block = false;
+  bool m_start_trace = false;
 };
diff --git a/Source/Core/Core/PowerPC/Interpreter/Interpreter_Branch.cpp b/Source/Core/Core/PowerPC/Interpreter/Interpreter_Branch.cpp
index e2fba4a931..09d696076d 100644
--- a/Source/Core/Core/PowerPC/Interpreter/Interpreter_Branch.cpp
+++ b/Source/Core/Core/PowerPC/Interpreter/Interpreter_Branch.cpp
@@ -24,7 +24,7 @@ void Interpreter::bx(Interpreter& interpreter, UGeckoInstruction inst)
   else
     PowerPC::ppcState.npc = PowerPC::ppcState.pc + address;
 
-  m_end_block = true;
+  interpreter.m_end_block = true;
 }
 
 // bcx - ugly, straight from PPC manual equations :)
@@ -54,7 +54,7 @@ void Interpreter::bcx(Interpreter& interpreter, UGeckoInstruction inst)
       PowerPC::ppcState.npc = PowerPC::ppcState.pc + address;
   }
 
-  m_end_block = true;
+  interpreter.m_end_block = true;
 }
 
 void Interpreter::bcctrx(Interpreter& interpreter, UGeckoInstruction inst)
@@ -72,7 +72,7 @@ void Interpreter::bcctrx(Interpreter& interpreter, UGeckoInstruction inst)
       LR(PowerPC::ppcState) = PowerPC::ppcState.pc + 4;
   }
 
-  m_end_block = true;
+  interpreter.m_end_block = true;
 }
 
 void Interpreter::bclrx(Interpreter& interpreter, UGeckoInstruction inst)
@@ -91,12 +91,12 @@ void Interpreter::bclrx(Interpreter& interpreter, UGeckoInstruction inst)
       LR(PowerPC::ppcState) = PowerPC::ppcState.pc + 4;
   }
 
-  m_end_block = true;
+  interpreter.m_end_block = true;
 }
 
 void Interpreter::HLEFunction(Interpreter& interpreter, UGeckoInstruction inst)
 {
-  m_end_block = true;
+  interpreter.m_end_block = true;
 
   ASSERT(Core::IsCPUThread());
   Core::CPUThreadGuard guard(Core::System::GetInstance());
@@ -126,7 +126,7 @@ void Interpreter::rfi(Interpreter& interpreter, UGeckoInstruction inst)
   // else
   // set NPC to saved offset and resume
   PowerPC::ppcState.npc = SRR0(PowerPC::ppcState);
-  m_end_block = true;
+  interpreter.m_end_block = true;
 }
 
 // sc isn't really used for anything important in GameCube games (just for a write barrier) so we
@@ -136,5 +136,5 @@ void Interpreter::sc(Interpreter& interpreter, UGeckoInstruction inst)
 {
   PowerPC::ppcState.Exceptions |= EXCEPTION_SYSCALL;
   PowerPC::CheckExceptions();
-  m_end_block = true;
+  interpreter.m_end_block = true;
 }
diff --git a/Source/Core/Core/PowerPC/Interpreter/Interpreter_Integer.cpp b/Source/Core/Core/PowerPC/Interpreter/Interpreter_Integer.cpp
index 7f3a4c1827..b5bc42d234 100644
--- a/Source/Core/Core/PowerPC/Interpreter/Interpreter_Integer.cpp
+++ b/Source/Core/Core/PowerPC/Interpreter/Interpreter_Integer.cpp
@@ -137,7 +137,7 @@ void Interpreter::twi(Interpreter& interpreter, UGeckoInstruction inst)
   {
     GenerateProgramException(ProgramExceptionCause::Trap);
     PowerPC::CheckExceptions();
-    m_end_block = true;  // Dunno about this
+    interpreter.m_end_block = true;  // Dunno about this
   }
 }
 
@@ -353,7 +353,7 @@ void Interpreter::tw(Interpreter& interpreter, UGeckoInstruction inst)
   {
     GenerateProgramException(ProgramExceptionCause::Trap);
     PowerPC::CheckExceptions();
-    m_end_block = true;  // Dunno about this
+    interpreter.m_end_block = true;  // Dunno about this
   }
 }
 
diff --git a/Source/Core/Core/PowerPC/Interpreter/Interpreter_SystemRegisters.cpp b/Source/Core/Core/PowerPC/Interpreter/Interpreter_SystemRegisters.cpp
index 3d00d01b29..4e171f087d 100644
--- a/Source/Core/Core/PowerPC/Interpreter/Interpreter_SystemRegisters.cpp
+++ b/Source/Core/Core/PowerPC/Interpreter/Interpreter_SystemRegisters.cpp
@@ -175,7 +175,7 @@ void Interpreter::mtmsr(Interpreter& interpreter, UGeckoInstruction inst)
   CheckFPExceptions(PowerPC::ppcState.fpscr);
 
   PowerPC::CheckExceptions();
-  m_end_block = true;
+  interpreter.m_end_block = true;
 }
 
 // Segment registers. MMU control.
diff --git a/Source/Core/Core/PowerPC/Jit64/Jit.cpp b/Source/Core/Core/PowerPC/Jit64/Jit.cpp
index 3a97cf3711..73e0dd3601 100644
--- a/Source/Core/Core/PowerPC/Jit64/Jit.cpp
+++ b/Source/Core/Core/PowerPC/Jit64/Jit.cpp
@@ -344,7 +344,7 @@ void Jit64::FallBackToInterpreter(UGeckoInstruction inst)
 
   Interpreter::Instruction instr = Interpreter::GetInterpreterOp(inst);
   ABI_PushRegistersAndAdjustStack({}, 0);
-  ABI_CallFunctionPC(instr, Interpreter::getInstance(), inst.hex);
+  ABI_CallFunctionPC(instr, &Core::System::GetInstance().GetInterpreter(), inst.hex);
   ABI_PopRegistersAndAdjustStack({}, 0);
 
   // If the instruction wrote to any registers which were marked as discarded,
diff --git a/Source/Core/Core/PowerPC/JitArm64/Jit.cpp b/Source/Core/Core/PowerPC/JitArm64/Jit.cpp
index 65e454b21a..51c775f66d 100644
--- a/Source/Core/Core/PowerPC/JitArm64/Jit.cpp
+++ b/Source/Core/Core/PowerPC/JitArm64/Jit.cpp
@@ -199,7 +199,7 @@ void JitArm64::FallBackToInterpreter(UGeckoInstruction inst)
 
   Interpreter::Instruction instr = Interpreter::GetInterpreterOp(inst);
   MOVP2R(ARM64Reg::X8, instr);
-  MOVP2R(ARM64Reg::W0, Interpreter::getInstance());
+  MOVP2R(ARM64Reg::W0, &Core::System::GetInstance().GetInterpreter());
   MOVI2R(ARM64Reg::W1, inst.hex);
   BLR(ARM64Reg::X8);
 
diff --git a/Source/Core/Core/PowerPC/PowerPC.cpp b/Source/Core/Core/PowerPC/PowerPC.cpp
index 2d8f201b30..c2b763b684 100644
--- a/Source/Core/Core/PowerPC/PowerPC.cpp
+++ b/Source/Core/Core/PowerPC/PowerPC.cpp
@@ -40,7 +40,6 @@ PowerPCState ppcState;
 
 static CPUCoreBase* s_cpu_core_base = nullptr;
 static bool s_cpu_core_base_is_injected = false;
-Interpreter* const s_interpreter = Interpreter::getInstance();
 static CoreMode s_mode = CoreMode::Interpreter;
 
 BreakPoints breakpoints;
@@ -220,12 +219,13 @@ static void InitializeCPUCore(CPUCore cpu_core)
 {
   // We initialize the interpreter because
   // it is used on boot and code window independently.
-  s_interpreter->Init();
+  auto& interpreter = Core::System::GetInstance().GetInterpreter();
+  interpreter.Init();
 
   switch (cpu_core)
   {
   case CPUCore::Interpreter:
-    s_cpu_core_base = s_interpreter;
+    s_cpu_core_base = &interpreter;
     break;
 
   default:
@@ -239,7 +239,7 @@ static void InitializeCPUCore(CPUCore cpu_core)
     break;
   }
 
-  s_mode = s_cpu_core_base == s_interpreter ? CoreMode::Interpreter : CoreMode::JIT;
+  s_mode = s_cpu_core_base == &interpreter ? CoreMode::Interpreter : CoreMode::JIT;
 }
 
 const std::vector<CPUCore>& AvailableCPUCores()
@@ -316,7 +316,8 @@ void Shutdown()
 {
   InjectExternalCPUCore(nullptr);
   JitInterface::Shutdown();
-  s_interpreter->Shutdown();
+  auto& interpreter = Core::System::GetInstance().GetInterpreter();
+  interpreter.Shutdown();
   s_cpu_core_base = nullptr;
 }
 
@@ -327,17 +328,19 @@ CoreMode GetMode()
 
 static void ApplyMode()
 {
+  auto& interpreter = Core::System::GetInstance().GetInterpreter();
+
   switch (s_mode)
   {
   case CoreMode::Interpreter:  // Switching from JIT to interpreter
-    s_cpu_core_base = s_interpreter;
+    s_cpu_core_base = &interpreter;
     break;
 
   case CoreMode::JIT:  // Switching from interpreter to JIT.
     // Don't really need to do much. It'll work, the cache will refill itself.
     s_cpu_core_base = JitInterface::GetCore();
     if (!s_cpu_core_base)  // Has a chance to not get a working JIT core if one isn't active on host
-      s_cpu_core_base = s_interpreter;
+      s_cpu_core_base = &interpreter;
     break;
   }
 }
diff --git a/Source/Core/Core/System.cpp b/Source/Core/Core/System.cpp
index 788a4834b9..0a1a0eb77f 100644
--- a/Source/Core/Core/System.cpp
+++ b/Source/Core/Core/System.cpp
@@ -22,6 +22,7 @@
 #include "Core/HW/SI/SI.h"
 #include "Core/HW/Sram.h"
 #include "Core/HW/VideoInterface.h"
+#include "Core/PowerPC/Interpreter/Interpreter.h"
 #include "Core/PowerPC/PowerPC.h"
 #include "IOS/USB/Emulated/Skylander.h"
 #include "VideoCommon/CommandProcessor.h"
@@ -39,7 +40,7 @@ struct System::Impl
       : m_audio_interface(system), m_core_timing(system), m_dsp(system), m_dvd_interface(system),
         m_dvd_thread(system), m_expansion_interface(system), m_gp_fifo(system), m_memory(system),
         m_ppc_state(PowerPC::ppcState), m_processor_interface(system), m_serial_interface(system),
-        m_video_interface(system)
+        m_video_interface(system), m_interpreter(system, m_ppc_state)
   {
   }
 
@@ -70,6 +71,7 @@ struct System::Impl
   Sram m_sram;
   VertexShaderManager m_vertex_shader_manager;
   VideoInterface::VideoInterfaceManager m_video_interface;
+  Interpreter m_interpreter;
 };
 
 System::System() : m_impl{std::make_unique<Impl>(*this)}
@@ -175,6 +177,11 @@ HSP::HSPManager& System::GetHSP() const
   return m_impl->m_hsp;
 }
 
+Interpreter& System::GetInterpreter() const
+{
+  return m_impl->m_interpreter;
+}
+
 IOS::HLE::USB::SkylanderPortal& System::GetSkylanderPortal() const
 {
   return m_impl->m_skylander_portal;
diff --git a/Source/Core/Core/System.h b/Source/Core/Core/System.h
index d49819a1aa..e1c7b9a5b8 100644
--- a/Source/Core/Core/System.h
+++ b/Source/Core/Core/System.h
@@ -6,6 +6,7 @@
 #include <memory>
 
 class GeometryShaderManager;
+class Interpreter;
 class PixelShaderManager;
 class SoundStream;
 struct Sram;
@@ -131,6 +132,7 @@ public:
   GeometryShaderManager& GetGeometryShaderManager() const;
   GPFifo::GPFifoManager& GetGPFifo() const;
   HSP::HSPManager& GetHSP() const;
+  Interpreter& GetInterpreter() const;
   IOS::HLE::USB::SkylanderPortal& GetSkylanderPortal() const;
   Memory::MemoryManager& GetMemory() const;
   MemoryInterface::MemoryInterfaceManager& GetMemoryInterface() const;