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Singapore's Metro department store announced that it accepts stablecoin payments
Wu said that according to Lianhe Zaobao, Singapore’s Metro Departmental Store announced that it would accept Stable Coin payments, becoming the first local department store to support this payment method. Customers can pay with USDT, USDC, and WUSD for purchases in Metro stores and online, and FDUSD will be supported in the near future. Owen Owen, chief operating officer of Metro partnering with DTCPAY, an encryption payment company, said the move aims to lead the digital transformation of the retail industry and meet the demand for technology-enabled shopping. According to Chainalysis data, Stable Coin payments in Singapore reached nearly $1 billion in the second quarter of 2024, demonstrating the strong demand for stable digital payments.