Key Highlights
- •DeCard enables stablecoin spending through traditional credit card networks.
- •Standard Chartered provides banking, settlement, and API connectivity support.
- •The Singapore launch is the first step toward global stablecoin adoption.
Standard Chartered has partnered with DCS Card Centre to launch DeCard, a credit card enabling stablecoin spending for everyday transactions. The initiative begins in Singapore, aiming to integrate digital assets into traditional payment systems.
The partnership allows users to make purchases using stablecoins through existing card networks, ensuring seamless transactions without conversion delays. Moreover, the move reflects the growing effort to connect traditional banking with digital finance.
Standard Chartered will provide transaction banking, account management, and settlement services for the DeCard system. In addition, the bank’s virtual account and API connectivity will help DCS identify and reconcile user payments efficiently.
The collaboration uses Standard Chartered’s infrastructure to enhance transparency and speed across stablecoin settlements. Consequently, DeCard users can expect faster transaction processing and a smoother payment experience.
Partnership Expands Financial Access and Innovation
DCS Card Centre, formerly known as Diners Club Singapore, brings over five decades of card-issuing experience to the project. The company has evolved into a global payments provider focusing on secure and compliant Web3 innovations.
Through DeCard, DCS aims to bridge traditional finance and decentralized finance, enabling stablecoin payments in a regulated environment. The project aligns with Singapore’s position as a hub for digital payment innovation.
Singapore’s Monetary Authority regulates stablecoins under the Payment Services Act, promoting transparency and consumer protection. Therefore, the city-state provides an ideal environment for the pilot phase of DeCard’s rollout.
After the Singapore launch, the partners plan to expand DeCard to other major markets to support global adoption. The initiative marks a significant step toward mainstreaming stablecoin use in consumer payments.
By combining banking expertise with blockchain technology, Standard Chartered and DCS are driving practical applications of digital currencies. As a result, DeCard could redefine how consumers use stablecoins in real-world financial systems.