Metro Department Store in Singapore has announced that it will begin accepting payments in stablecoins, marking a significant milestone in the local retail industry. This initiative positions Metro as the first department store in Singapore to embrace digital currency payments, allowing customers to use stablecoins for both physical and online shopping experiences.

According to a statement from Metro, the company has partnered with cryptocurrency payment provider "dtcpay" to implement this new payment solution. Metro believes that this collaboration places it at the forefront of innovation in the retail sector, catering to tech-savvy shoppers seeking modern payment methods.

Under this partnership, Metro customers can now make purchases using Tether (USDT), USD Coin (USDC), and Worldwide USD (WUSD), with plans to include First Digital USD (FDUSD) in the near future. This move reflects the growing trend of digital transformation within the retail industry, where stablecoins are becoming a key driver of change.

Erwin Wuysang-Oei, Chief Operating Officer of Metro Department Store, expressed enthusiasm about the partnership, stating, "Our collaboration with dtcpay confirms our vision to stay ahead in a rapidly changing retail environment. By integrating stablecoin payments, we are not only embracing the future but also shaping it. This is a transformative moment for Metro, and we are excited to lead the industry in making digital assets a tangible, everyday reality for our customers."

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This strategic move by Metro not only addresses the evolving payment preferences of consumers but also sets a precedent for other retailers in Singapore to explore the integration of digital currencies into their payment systems.