Metro Department Store in Singapore announced that it accepts payment in stablecoins such as USDT and USDC
Metro Department Store in Singapore announced that it accepts payment in stablecoins such as USDT and USDC
PANews reported on February 26 that according to the "Lianhe Zaobao", Singapore's Metro Department 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 totalled nearly US$1 billion in Q2 2024, reflecting the growing demand for stable digital payment methods.
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