Singapore department store Metro debuts stablecoin payments: Report

Metro, a publicly-listed department store chain in Singapore, has reportedly enabled its customers to pay for products using stablecoins like Tether’s USDt.

Metro has partnered with Singapore-licensed crypto payment platform Dtcpay to introduce stablecoin payments both in-store and online, Dtcpay announced on Feb. 26.

“Now, Metro customers can enjoy seamless, secure payments without the concerns of price fluctuations that come with using more volatile digital assets,” Dtcpay commercial director Andy Sze Toh said.

Metro Store customers will be able to checkout using stablecoins like Tether’s USDt (USDT), Circle’s USD Coin (USDC), as well as FD121’s First Digital USD (FDUSD) and the Worldwide USD (WUSD) stablecoin issued by the Worldwide Stablecoin Payment Network, he added.

“Transformative moment” for Metro

As part of the partnership, the stablecoin payments are set to be offered in two Metro store locations in Singapore, including Metro Paragon and Metro Woodlands.

Founded in 1957, Metro has emerged as an iconic brand in Asia, operating in key market regions of the People’s Republic of China and Indonesia.

Metro’s chief operating officer, Erwin Wuysang-Oei, highlighted that the company has always been committed to innovation and providing unique experiences for its customers.

“By integrating stablecoin payments, we’re not just embracing the future — we’re shaping it,” the exec said, adding that the integration marks a “transformative moment” for Metro.

A rise of crypto payments in Singapore

According to Dtcpay, the new integration aims to meet the growing demand for new payment tools, with stablecoins becoming one of the key trends.

According to Chainalysis, crypto payments in Singapore reached nearly $1 billion in the second quarter of 2024 alone, underscoring the rise of crypto adoption among the population.

Dtcpay’s partnership with Metro Singapore came soon after Dtcpay announced an exclusive focus on stablecoin payments while phasing out support for cryptocurrencies like Bitcoin (BTC) and Ether (ETH) in December 2025.

Related: Dubai recognizes USDC, EURC as first stablecoins under token regime

The crypto payment firm said its decision aligned with its mission to provide customers with a more reliable, scalable and secure payment experience.”

Metro has yet to introduce a stablecoin payment feature on its website

Although Dtcpay hinted that stablecoin payments are immediately available for Metro Singapore customers both online and offline, the new payment feature is yet to be introduced on the Metro website.

According to Metro’s payment FAQ, the store chain currently exclusively accepts credit cards for payments.

Cointelegraph has also been unable to locate a stablecoin payment option on Metro Singapore.

Cointelegraph approached Dtcpay and Metro for comment regarding the integration but did not receive a response at the time of publication.

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