Catenaa, Friday, February 28, 2028-Metro, a leading department store chain in Singapore, has partnered with Dtcpay to integrate stablecoin payments, allowing customers to transact using USDT, USDC, and WUSD.
The retailer plans to add FDUSD soon, marking a significant step in the adoption of blockchain-based payments in mainstream retail.
Metro’s COO, Erwin Wuysang-Oei, stated the initiative aligns with the company’s push to modernize payment options and make digital assets more practical for everyday transactions.
Singapore has seen growing crypto adoption, with the Monetary Authority of Singapore (MAS) actively regulating stablecoins. In 2024, the stablecoin market expanded by 59%, processing $27.6 trillion in transactions, surpassing Visa and Mastercard’s combined volume by 7.68%.
Metro’s adoption of stablecoin payments follows a broader trend in Singapore’s digital economy. As regulatory clarity improves, more businesses are expected to integrate crypto-based transactions.
