Standard Chartered partners with Diners Club Singapore (DCS) Card Centre to launch DeCard, a credit card enabling stablecoin payments. The card lets users spend stablecoins at everyday merchants like a traditional credit card. This partnership positions Singapore as a hub for regulated, secure mainstream stablecoin adoption.

Standard Chartered Partners with DCS to Launch DeCard

London-based bank, Standard Chartered, has teamed up with Singapore payment provider DCS Card Centre. They will serve as the main banking partner for DeCard, a credit card that lets users spend stablecoins on everyday transactions. This move marks a major step toward mainstream adoption of digital asset payments, blending traditional banking infrastructure with emerging crypto technologies.

Using Visa’s payment network, DeCard combines the familiarity of a traditional credit card with the flexibility of digital assets. Users can track their balances and repayments through DCS’s D-Vault account system, which unites stablecoin holdings with traditional card features.

DeCard’s Evolution and Enhanced Features

“We’re thrilled to partner with Standard Chartered, a globally recognised and trusted financial institution, to power the next chapter of DeCard’s growth”, said Joan Han, Chief Commercial Officer of DCS.

DCS has previously rolled out DeCard in multiple phases, each offering unique features to meet different user needs. The earlier iterations focused on enabling basic stablecoin payments through select e-commerce merchants in Singapore, multi-currency stablecoin support for Singapore dollar, US dollar, and euro, and the D-Vault account system, providing cardholders with full visibility into balances, repayment schedules, and transaction history while integrating basic financial analytics for personal budgeting.

“Their banking expertise and robust infrastructure enable us to bring secure, transparent, and efficient stablecoin payments to the mainstream, setting a new benchmark for how digital assets can be used responsibly in everyday life”.

Through the partnership, Standard Chartered will provide transaction banking and financial markets services to support DeCard operations. This includes cardholder top-up processing, account management, fiat and stablecoin settlements, liquidity management, treasury operations, and foreign exchange hedging.

Its virtual account infrastructure and API connectivity will enable DCS to assign virtual accounts to individual cardholders, allowing real-time identification and reconciliation of payments across multiple channels. These systems ensure a seamless and transparent payment experience for both users and merchants, improving efficiency and transparency beyond previous DeCard versions.

Standard Chartered’s Role and Market Expansion

For Standard Chartered, the collaboration reinforces its commitment to supporting fintech innovation, providing infrastructure that allows digital assets to operate alongside traditional payment systems. “Our investments in platforms, capabilities, and solutions allow us to be the trusted banking partner bridging TradFi to DeFi”, said Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered.

While the initial rollout is limited to Singapore, both companies plan to expand DeCard to other key markets.

With the advent of the US GENIUS Act and other stablecoin regulations, the launch comes at a time when demand for regulated digital payment solutions is rising across institutions and regions worldwide. Singapore’s regulatory framework has positioned the state as a hub for digital assets, including stablecoins, which are classified as digital payment tokens by the Monetary Authority of Singapore.

Under local rules, stablecoin issuers must maintain full reserves and comply with strict safeguards, providing confidence to both users and merchants. By choosing Singapore as its initial market, DeCard benefits from a supportive yet tightly regulated environment for digital-asset innovation.