Metro Department Store in Singapore Launches Stablecoin Payment Options
Metro, a prominent retail chain in Singapore, will allow payments via stablecoins including USDT, USDC, FDUSD, and WUSD. This initiative, facilitated by a partnership with dtcpay, is aimed at enhancing crypto adoption in the retail sector.
Key Points
- Payments accepted for in-store and online purchases.
- Initial availability at Metro Paragon and Metro Woodlands.
- Stablecoins provide a secure payment option, reducing transaction costs compared to traditional methods.
- dtcpay focuses exclusively on stablecoin payments due to their reliability during market fluctuations.
- Other Singaporean companies like Grab and iStudio are also integrating cryptocurrency payments.
- Singapore generated nearly $1 billion in crypto payments in Q2 2024, indicating a growing trend towards stablecoin adoption in retail.