Standard Chartered, DCS partner to support stablecoin credit card in Singapore
Standard Chartered and DCS Card Centre partnered to support DeCard, a credit card enabling stablecoin spending in Singapore.Summary
Standard Chartered has partnered with DCS Card Centre to provide transaction banking and financial market services for DeCard, a credit card that allows users to spend stablecoins for real-world transactions in Singapore. The support from Standard Chartered includes processing cardholder top-ups, account management, and handling both fiat and stablecoin settlements. This collaboration, initially launching in Singapore, is expected to expand to other key markets. DeCard, powered by DCS (formerly Diners Club Singapore), uses a D-Vault account system for balance management and repayments. The partnership leverages Standard Chartered's infrastructure to bring secure stablecoin payments into the mainstream, aligning with Singapore's established regulatory framework for digital payment tokens.
(Source：The Block)