Metro Department Store in Singapore announced that it accepts payment in stablecoins such as USDT and USDC

PANews On February 26, according to the "Lianhe Zaobao" report, Singapore's Metro Departmental Store announced that it would accept stablecoin payments, becoming the first local department store to support this payment method. Customers can pay with Tether (USDT), USD Stablecoin (USDC), and Global USD Stablecoin (WUSD) when shopping in-store and online, and will support the First Digital Dollar Stablecoin (FDUSD) in the future.

Metro has partnered with DTCpay, a crypto payments company, to drive retail innovation to cater to tech-savvy consumers. According to Chainalysis data, Singapore's stablecoin payments totaled nearly US$1 billion in Q2 2024, reflecting the growing demand for stable digital payment methods.

2.89K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.