Standard Chartered to Support DeCard Stablecoin Payments in Singapore

Standard Chartered has partnered with DCS Card Centre to serve as the principal banking partner for DeCard, a new credit card allowing users to spend stablecoins on everyday purchases. The initial launch is set for Singapore, a jurisdiction encouraging digital payment system experimentation, with plans to expand to other major markets. DeCard aims to simplify stablecoin usage by connecting digital assets to traditional payment rails, enabling purchases without users needing to manage volatility or complex conversions. Standard Chartered will provide necessary infrastructure, including virtual account services and API connectivity, to allow DCS to instantly identify and reconcile payments from DeCard users, ensuring faster and more transparent transactions. Dhiraj Bajaj of Standard Chartered stated this integration positions the bank as a trusted partner bridging traditional finance (TradFi) and decentralized finance (DeFi).

(Source：CoinDesk)