Standard Chartered has partnered with DCS Card Center to act as the primary banking partner for DeCard, a new credit card that allows users to spend stablecoins in everyday transactions.
The launch begins in Singapore, where regulators have encouraged experimentation with digital payment systems, before expanding to other major markets, the companies announced Tuesday.
DeCard says its goal is to make stablecoin spending as easy as using a regular credit card. It connects digital assets to traditional payment channels, 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 that DCS can instantly identify and reconcile payments for DeCard users. This technical integration aims to make transactions faster and more transparent, according to a press release.
“Our investments in our platforms, capabilities and solutions enable us to be the trusted banking partner connecting TradFi with 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 experience, DeCard combines trust and Web3 innovation. Evolving from its roots as Diners Club Singapore, DCS is now a next-generation global payments provider, offering secure, compliant and innovative solutions.
