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WUSD Now Accepted at Iconic Metro Department Store Through dtcpay Integration

SINGAPORE, Feb. 28, 2025 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is pleased to announce that its flagship stablecoin, WUSD, is now accepted at Metro Department Store through dtcpay’s innovative payment solution. This development marks a significant milestone in bringing stablecoin technology to mainstream retail, as shoppers at one of Singapore’s most iconic department stores can now use WUSD for their everyday purchases. The integration follows dtcpay’s recently announced partnership with Metro Department Store, which enables customers to pay with popular stablecoins including USDT, USDC, and WUSD. This expansion in WUSD acceptance demonstrates the growing utility of Stablecoin 2.0 in real-world retail environments, positioning WUSD among the select digital assets available for Metro shoppers from day one. “We’re thrilled to see WUSD becoming available to the public at Metro Department Store through our partnership with dtcpay,” said Raymond Yuan, Founder & CEO of WSPN. “This represents exactly the kind of practical, everyday utility that Stablecoin 2.0 was designed to deliver. As more consumers experience the convenience and stability of using WUSD for retail purchases, we expect to see accelerated adoption across the broader market.” Metro customers can now enjoy the benefits of using WUSD for their shopping needs, including the stability and security that comes with a digital asset pegged 1:1 to the US dollar. The integration allows shoppers to pay directly with WUSD at checkout, creating a seamless experience that makes digital assets more accessible and practical for everyday use. This development builds upon the strategic partnership between WSPN and dtcpay announced in October 2024, which established WUSD as a key digital payment option within dtcpay’s expanding merchant network. The addition of Metro Department Store to this network represents a significant step forward in mainstream retail adoption of stablecoin technology, with WUSD being at the forefront of this innovation. About WSPN WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption. Learn more: www.wspn.io | X | LinkedIn About dtcpay dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA). As a leading provider of digital payment solutions, we pioneer the integration of stablecoin acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments. Learn more at dtcpay.com . About Metro Metro is one of Singapore’s most iconic & beloved department stores, offering a wide range of products across fashion, beauty, home essentials, and more. With a legacy of trust and quality, Metro continues to innovate to meet the evolving needs of its customers. CoinOtag

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FBI Links $1.5 Billion Bybit Hack to North Korea’s Lazarus Group

The Federal Bureau of Investigation (FBI) has officially attributed the recent $1.5 billion cyberattack on cryptocurrency exchange Bybit to North Korea’s state-sponsored Lazarus Group. The attack, which occurred on February 21, saw hackers infiltrate one of Bybit’s cold wallets and steal over 41,000 ETH. This breach added to a growing list of high-profile cryptocurrency heists orchestrated by North Korean hacking entities. US Authorities Sound Alarm on North Korea’s Crypto Heists In a joint Cybersecurity Advisory (CSA) issued by the FBI, the Cybersecurity and Infrastructure Security Agency (CISA), and the US Treasury Department, authorities warned about the increasing cyber risks posed by North Korea-backed advanced persistent threat (APT) groups. The Lazarus Group, also known by aliases such as APT38, BlueNoroff, and Stardust Chollima, has been conducting cyber theft operations since at least 2020. The entity has been known for systematically targeting cryptocurrency exchanges, decentralized finance (DeFi) protocols, play-to-earn gaming platforms, as well as venture capital firms investing in digital assets. The advisory outlined the group’s tactics, which include social engineering, spearphishing campaigns, and the deployment of trojanized cryptocurrency applications to infiltrate networks and exfiltrate funds. According to US authorities, North Korean hackers use sophisticated malware strains, including the notorious AppleJeus malware, to compromise cryptocurrency platforms. These cyber actors frequently exploit vulnerabilities in financial technology firms and blockchain infrastructure to launder stolen digital assets, ultimately funneling funds back to the North Korean regime. “TraderTraitor” The Bybit hack follows a familiar pattern, with attackers using deceptive recruitment tactics to lure employees into downloading compromised trading applications, referred to as “TraderTraitor.” These applications are designed with cross-platform JavaScript and Node.js to make them appear legitimate but contain hidden malware that allows attackers to gain unauthorized access to private keys and initiate fraudulent blockchain transactions. With North Korea’s cyber theft operations continuing to escalate, the US government has reiterated its commitment to combating illicit activities in the cryptocurrency sector. The FBI urges cryptocurrency firms to strengthen cybersecurity measures, monitor for indicators of compromise (IOCs), and implement robust security protocols to mitigate risks associated with North Korean-backed cyber threats. The post FBI Links $1.5 Billion Bybit Hack to North Korea’s Lazarus Group appeared first on CryptoPotato . CoinOtag