Standard Chartered has partnered with DCS Card Center to act as the primary banking partner for DeCard, a new credit card that lets users use stablecoins in everyday transactions.
The launch will start in Singapore, where regulators have encouraged experiments 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. The 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 and 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-generation global payment provider, providing secure, compliant and innovative solutions.
