# Singapore’s Department Stores Adopt Stablecoin Transactions
Metro, a well-known retail enterprise in Singapore, is venturing into the financial frontier by enabling patrons to utilize stablecoins for payments both virtually at Metro Mall and within their brick-and-mortar establishments.
In conjunction with the indigenous crypto payment entity DTCPAY, Metro will now recognize stablecoins such as USDT (Tether), USDC (Circle), and WUSD (Worldwide Stablecoin Payment Network). They are also contemplating the inclusion of First Digital Dollar Stablecoin (FDUSD) in the near future.
Metro’s COO, Erwin Wuysang-Oei, perceives this initiative as a method to maintain a competitive edge in the constantly changing retail environment. He posits that by embracing stablecoins, Metro is not merely adapting to current trends but is actively influencing the future of retail.
This alliance follows DTCPAY’s choice to concentrate exclusively on stablecoins by 2025, having previously discontinued Bitcoin (BTC) and Ethereum (ETH) earlier in the year. The organization anticipates this transition will furnish a more protected and dependable payment process.
Singapore residents are progressively receptive to employing cryptocurrencies, with digital assets assuming a more significant role in both investments and daily exchanges.
Wealth management companies in Singapore are also assigning a larger portion of their investment holdings to digital assets, particularly following Donald Trump’s potential triumph in the 2024 US electoral contest. As per Sygnum Bank CEO Gerald Goh, local inhabitants are becoming more at ease with incorporating crypto investments into their portfolios.
At the moment, Singapore is at the forefront of cryptocurrency implementation, surpassing other monetary centers such as Hong Kong. They are truly accepting the digital currency sphere! TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
