Metro Department Store in Singapore announces acceptance of stablecoins such as USDT and USDC

According to the "Lianhe Zaobao", Singapore's Metro Department Store announced that it will accept stablecoin payments, becoming the first department store in the country to support this payment method. Customers can use Tether (USDT), USD Coin (USDC), and Worldwide USD (WUSD) to pay for purchases in physical stores and online, and will also support First Digital USD (FDUSD) in the future.

Metro is collaborating with the crypto payment company dtcpay to drive retail innovation to cater to tech-savvy consumers. According to Chainalysis data, the total amount of stablecoin payments in Singapore in the second quarter of 2024 reached nearly $1 billion, reflecting the growing demand for stable digital payment methods in the market.