The initiative launches in Singapore with plans to expand globally.
Standard Chartered has partnered with DCS Card Centre to act as the principal banking partner for DeCard, a new credit card that lets users spend stablecoins in everyday transactions.
The launch starts in Singapore, where regulators have encouraged experimentation with digital payment systems, before expanding to other major markets, the companies said on Tuesday
DeCard says it aims to make stablecoin spending as easy as using a regular credit card. It connects digital assets with traditional payment rails, allowing users to make purchases at merchants without worrying about volatility or complex conversions.
Standard Chartered will provide virtual account services and API connectivity so DCS can instantly identify and reconcile payments from DeCard users. That technical integration is designed to make transactions faster and more transparent, according to a press release.
“Our investments in our platforms, capabilities and solutions allow us to be the trusted banking partner bridging TradFi to DeFi,” said Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered.
Powered by DCS and backed by over 50 years of card-issuing heritage, DeCard blends trust with Web3 innovation. Evolving from its roots as Diners Club Singapore, DCS is now a next-gen global payments provider, delivering secure, compliant, and innovative solutions.
