Singapore’s iconic department store chain Metro will soon integrate stablecoin payments across its physical outlets and online marketplace, Metro Mall.
According to a local news outlet, the move is part of a partnership with crypto payments firm DTCPAY, allowing customers to transact using Tether (USDT), Circle’s USDC, and Worldwide Stablecoin Payment Network’s WUSD. Metro also plans to add First Digital Dollar (FDUSD) payments in the near future.
Metro’s Chief Operating Officer, Erwin Wuysang-Oei, described the initiative as a turning point for the company.
“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,”
he reportedly stated.
Wuysang-Oei emphasized that integrating stablecoin transactions is not just about adapting but actively shaping the future of retail payments.
The partnership comes on the heels of DTCPAY’s recent shift to stablecoin-only transactions, a strategy implemented in early 2025 after the firm discontinued support for Bitcoin (BTC) and Ethereum (ETH). The decision, according to DTCPAY, ensures a more reliable, scalable payment system.
Meanwhile, Singapore is emerging as a dominant digital asset hub in Asia, outpacing rivals like Hong Kong. In 2024, the Monetary Authority of Singapore (MAS) approved 13 new crypto licenses, doubling the previous year’s approvals.
According to blockchain analytics platform Chainalysis, stablecoin payments in Singapore reached nearly $1 billion in the second quarter of 2024 alone.
Local wealth managers are also increasing digital asset allocations, with Gerald Goh, CEO of Sygnum Bank, noting that Singaporean investors are becoming more open to crypto integration in financial portfolios.
Metro’s announcement follows a recent partnership between RedotPay, Visa, and StraitsX aimed at boosting cryptocurrency adoption in everyday transactions. This collaboration will launch a card program enabling users to integrate and spend digital assets easily alongside traditional currency at millions of Visa-accepting merchants worldwide.
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