Singapore’s retail giant, Metro Department Store, just made a major move into crypto.

The company now accepts stablecoins for both in-store and online payments.

Traditional retail just got a serious Web3 upgrade in the world’s most forward-thinking city-state. 

The Stablecoin Dream

They've teamed up with Dtcpay, Singapore's licensed crypto payment platform, to allow shoppers to pay with USDT, USDC, FDUSD, and WUSD at checkout.

No Bitcoin or Ethereum allowed – just dollar-pegged tokens built for everyday spending.

It’s a strong move given that while many of the world’s jurisdictions are actively looking into adding Bitcoin to their balance sheets, the retailer is choosing to go with dollar-demoninated tokens instead. 

The rationale is simple: stablecoins solve crypto's biggest retail problem – price stability.

Dtcpay's commercial director put it simply: customers get "seamless, secure payments without price fluctuation concerns."

No more wondering if that shirt you bought could've been a down payment on a house next month.

The Rollout Plan

The rollout starts at two locations – Metro Paragon and Metro Woodlands.

Strangely, Metro's website still only lists credit cards in their payment FAQ, but hey, it’s Web2. 

Looks like they're taking the "crawl before you run" approach to crypto adoption, and realistically, who can blame them?

Metro's COO didn't downplay what this means for their business, though, calling it a "transformative moment" where they're "not just embracing the future — we're shaping it."

Bold words from a department store that's been around since your parents were kids. 

Singapore's Crypto Boom

Singapore's already becoming a crypto payment hotspot.

Chainalysis tracked nearly $1 billion in crypto payments there in a single quarter last year.

Even Dtcpay ditched Bitcoin and Ether to focus solely on stablecoins – that's how serious this trend is.

As Singapore continues to embrace digital assets, we expect to see a lot more headlines like this – in fact, all of South East Asia is becoming a hot spot for crypto payments in a move that could redefine the region. 

Pay By (Crypto) Card?

This could start a retail adoption domino effect across Singapore and beyond.

Stablecoins are gaining traction as legitimate payment methods, especially where local currencies aren't reliable.

It bridges the gap between crypto natives and regular shoppers who just want easy payment options, and now all that’s left is to wait and see if customers actually use these new options or if it's just another tech flex.