Singapore’s Metro Becomes First Department Store to Accept Stablecoin Payments

Metro, a leading Singaporean department store chain, has become the first in the country to accept stablecoin payments across its physical stores and online platform.

Metro Adopts Stablecoin Payments

Starting immediately, Metro customers can pay using USDT, USDC, and WUSD, with plans to add First Digital USD (FDUSD) soon, according to local media outlet Lianhe Zaobao. The initiative is part of a partnership with Singapore-licensed crypto payment platform Dtcpay, which announced the launch on February 26.

We’re proud to partner with Metro, the first departmental store in #Singapore to accept #stablecoin payments including #USDC, #USDT and #WUSD!

Thanks to Zaobao for the coverage! https://t.co/jXi0eJnCSd

— dtcpay (@dtc_pay) February 26, 2025

Stablecoins Gain Traction in Singapore

Metro’s move comes as stablecoin transactions in Singapore neared $1 billion in Q2 2024, reflecting a growing demand for digital payment alternatives. Experts highlight stablecoins as a faster, more cost-effective option compared to traditional payment systems.

A Step Toward Mainstream Adoption

According to Dtcpay’s commercial director, Andy Sze Toh, Metro customers can now enjoy “seamless, secure payments without concerns over price volatility.” With stablecoins becoming more widely accepted, this could mark a significant shift toward crypto-friendly retail experiences in Singapore.