Singapore retail chain Metro to start accepting stablecoin payments

The Singaporean Metro store chain will allow its customers to make stablecoin payments both in physical and online stores at Metro Mall.

According to With a local publication, the Singapore Metro Department Store has teamed up with the Singaporean Crypto Payment Company DTCPAY to allow Stablecoin payments using assets such as Tether’s USDT, Circle’s USDC and Worldwide Stablecoin Paycoin Network of Wusd.

Soon, they will also support payments using the first Stablecoin digital dollar (FDUSD).

Metro’s COO, Erwin Wuysang-Oei, described the partnership as a step towards the development of the evolving retail landscape. He pointed out that by accepting stable payments, Metro “kisses the future not only but shapes it”.

“This is a transformer moment for Metro, and we are delighted to direct the industry in the reality of the viable daily life for our customers,” added Wuysang-Oei.

The last partnership follows the decision of DTCPAY of Go exclusively to stablecoins For payments in 2025 after decided to drop Bitcoin (BTC) and Ethereum (ETH) in January. At the time, the company said that the decision would allow it to offer “more reliable, scalable and secure payment experience”.

Meanwhile, the Singaporeans have warned more and more in the crypto, which makes digital assets a larger part of daily life and investments.

As before covered By crypto.News, the Singaporean wealth managers reported an allocation of larger parts of their portfolios to digital assets, in particular since the victory of President Donald Trump in the 2024 US elections.

At the time, the CEO of Sygnum Bank, Gerald Goh, said that the inhabitants were “more positive as to the integration of cryptographic investments as part of their investment portfolios”.

Singapore also front Other jurisdictions, such as Hong Kong, with regard to the adoption of cryptography. Throughout 2024, the Singapore monetary authority granted 13 new cryptographic licenses, the doublely recorded figures the previous year. In comparison, Hong Kong has lagged behind due to an overly restrictive regulatory framework.