Metro Expands Payment Options with Stablecoins in Singapore

Metro, a well-known department store chain in Singapore, is introducing stablecoin payments for both its physical stores and online shopping platform, Metro Mall. Customers will soon have the option to pay using Tether’s USDT, Circle’s USDC, and WUSD from the Worldwide Stablecoin Payment Network.

The company has partnered with DTCPAY, a local crypto payments firm, to bring this initiative to life. Metro is also preparing to support payments in First Digital Dollar Stablecoin (FDUSD) in the near future.

Erwin Wuysang-Oei, Metro’s Chief Operating Officer, explained that the company is adapting to shifts in the retail sector. He highlighted that embracing stablecoin payments is a way to shape the future of digital transactions.

“This is a transformative moment for Metro, and we are excited to lead the industry in making digital assets a viable everyday reality for our customers,” Wuysang-Oei stated.

Metro’s move aligns with a broader trend of retailers incorporating digital assets into their payment systems. With stablecoins pegged to traditional currencies, they offer an alternative payment method that avoids price swings common in other cryptocurrencies.