PANews reported on February 26 that according to Lianhe Zaobao, Metro Departmental Store in Singapore announced that it would accept stablecoin payments, becoming the first department store in the country to support this payment method. Customers can use Tether (USDT), USDC and WUSD to pay when shopping in physical stores and online, and will also support First Digital USD (FDUSD) in the future.

Metro has partnered with crypto payment company dtcpay to drive innovation in the retail industry to cater to tech-savvy consumers. According to Chainalysis data, the total amount of stablecoin payments in Singapore reached nearly US$1 billion in the second quarter of 2024, reflecting the growing market demand for stable digital payment methods.