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Standard Chartered Partners with DCS to Launch DeCard Stablecoin Payment System in Singapore

Standard Chartered Partners with DCS to Launch DeCard Stablecoin Payment System in Singapore

CryptonewslandCryptonewsland2025/11/11 18:12
By:by Wesley Munene
  • Standard Chartered and DCS launch DeCard, enabling stablecoin payments via a credit card-like system.
  • The platform connects digital assets with traditional payment systems, simplifying stablecoin usage for everyday transactions.
  • DeCard will initially launch in Singapore, with plans to expand to global markets based on regulatory support.

Standard Chartered has entered into a partnership with DCS Card Centre to support DeCard, a new stablecoin-based payment solution. This collaboration aims to make it easier for users to spend stablecoins in everyday transactions, using a credit card-like system. The launch will begin in Singapore, with plans for global expansion.

DeCard Brings Stablecoins to Everyday Spending

DeCard is designed to make spending stablecoins as simple as using a traditional credit card. By bridging digital assets with conventional payment systems it allows users to make purchases without worrying about volatility or needing complex conversions. This innovation comes as Singapore’s regulatory environment has shown support for digital payment experimentation.

Standard Chartered will serve as the principal banking partner in this initiative. The bank will provide virtual account services and API connectivity to DCS Card Centre. This integration will help ensure transactions are processed quickly and transparently, allowing for instant identification and reconciliation of payments made by DeCard users.

Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered , emphasised the bank’s commitment to facilitating the connection between traditional finance (TradFi) and decentralised finance (DeFi). The technical infrastructure provided by Standard Chartered will support the seamless execution of payments through DeCard, enhancing the overall user experience.

DCS Card Centre’s Contribution

DCS Card Centre, known for its legacy as Diners Club Singapore, will power the DeCard platform. With over 50 years of experience in card issuing, DCS has positioned itself as a leading provider of secure and compliant payment solutions. The company is now focusing on integrating next-gen payment systems, such as DeCard, into the evolving Web3 ecosystem. DeCard’s first launch will be in Singapore , where there are local rules that give a plus to digital payments. Nevertheless, the companies that are partners in the project have already made up their minds to adding the provision in other top markets. The reason for this is to satisfy the increasing need for stablecoin transactions and to have more customers by the time the service is widely available.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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