“We’re designing the future by incorporating stablecoin payments,” a Metro Store official allegedly claimed.
Summary
• Metro, a publicly traded department store chain in Singapore, has partnered with Singapore-licensed crypto payment platform Dtcpay to offer stablecoin payments in-store and online.
• Consumers can pay using Tether’s USDt and the Worldwide USD stablecoin issued by the Worldwide Stablecoin Payment Network.
• Stablecoin payments will be available at two Metro shop locations in Singapore: Metro Paragon and Metro Woodlands.
• The move is seen as a “transformative moment” for Metro, aiming to meet the rising need for alternative payment methods.
• Dtcpay’s agreement with Metro Singapore follows its exclusive focus on stablecoin payments, ending in December 2025.
Metro, a publicly traded department store chain in Singapore, purportedly allows clients to pay for merchandise with stablecoins such as Tether’s USDT.
Metro has teamed with Singapore-licensed crypto payment platform Dtcpay to provide stablecoin payments in-store and online, the company said on February 26.
Metro Store consumers would be able to pay using stablecoins such as Tether’s USDt and the Worldwide USD (WUSD) stablecoin issued by the Worldwide Stablecoin Payment Network, he said.
“A Transformative Event” for Metro
As part of the cooperation, stablecoin payments will be available at two Metro shop locations in Singapore: Metro Paragon and Metro Woodlands.
Metro, founded in 1957, has become an iconic brand in Asia, with operations in significant markets such as the People’s Republic of China and Indonesia.
Erwin Wuysang-Oei, Metro’s chief operating officer, emphasized the company’s commitment to innovation and creating unique experiences for its consumers.
“By integrating stablecoin payments, we’re not only embracing the future—we’re defining it,” the executive stated, adding that the integration is a “transformative moment” for Metro.
A Increase in Crypto Payments in Singapore
According to DTCpay, the integration works toward the goal of satisfying the growing need for alternative payment methods, with stablecoins emerging as a key trend in the industry.
Chainalysis reports that the number of cryptocurrency transactions in Singapore reached nearly one billion dollars in the second quarter of 2024 alone, which is indicative of a surge in the utilization of cryptocurrency among the general population.
Dtcpay’s agreement with Metro Singapore occurred shortly after the company declared an exclusive emphasis on stablecoin payments, with support for cryptocurrencies such as Bitcoin ending in December 2025.
The crypto payment startup stated that its move was consistent with its objective to give clients a more dependable, scalable, and secure payment experience.
Metro Has Yet to Add a Stablecoin Payment Facility to Their Website
Although DTCpay indicated that stablecoin payments are now accessible to Metro Singapore clients both online and offline, the new payment functionality has yet to be enabled on the Metro website.
According to Metro’s payment FAQ, the chain presently only takes credit cards for such transactions. Cointelegraph has also been unable to find a stablecoin payment option on Metro Singapore. Cointelegraph contacted DTCpay and Metro for comment on the integration but received no answer at the time of writing.
Also Read: Waller Believes Banks and Non-banks Should Create Stablecoins
Governor Christopher Waller of the Federal Reserve believes that stablecoins can broaden the US dollar’s scope and enhance retail and cross-border payments. He advocates for a US regulatory framework that addresses stablecoin risks and allows both banks and nonbanks to issue regulated stablecoins. Waller acknowledges the limitations of stablecoins but believes they can be beneficial for businesses and consumers. He believes the stablecoin market will either expand or contract based on its benefits…[Read More]
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