Standard Chartered Partners with DCS Card Centre to Launch DeCard for Stablecoin Spending

Standard Chartered has announced a strategic partnership with DCS Card Centre to support DeCard, an innovative new card designed for spending stablecoins in the real economy. The collaboration will initially roll out in Singapore, with plans to expand into other key markets subsequently.

Meeting the Demand for Regulated Stablecoin Payments

As demand grows for regulated stablecoin payments combined with convenience, Standard Chartered aims to leverage its global banking expertise to support DeCard users. The partnership taps one of the largest global banking institutions that has openly endorsed on-chain payments, signaling strong institutional support for this emerging payment method.

Singapore is already showing significant interest in electronic payment solutions that bridge traditional banking and crypto ecosystems. This partnership aligns closely with that trend.

Bridging TradFi and DeFi

“This partnership is in line with our continued efforts to offer banking solutions for innovative fintech partners and is central to our strategy of supporting clients in navigating the evolving digital assets space,” said Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered. “Our investments in platforms, capabilities, and solutions allow us to be the trusted banking partner bridging TradFi to DeFi.”

Standard Chartered has been a vocal advocate for crypto adoption. The bank’s CEO, Bill Winters, has discussed the possibility of moving all financial transactions on-chain, underscoring the bank’s forward-looking stance on digital finance.

Banking Settlement for Crypto-Based Cards

Standard Chartered will provide banking settlement services for the DeCard by utilizing its virtual account infrastructure and APIs to create virtual accounts for cardholders. This system will enable immediate verification and clearing of incoming payments across multiple channels.

From the user perspective, the card promises a seamless transaction experience even as multiple payments are settled in real-time. On the backend, Standard Chartered will manage all banking-related services and explore potential connections to financial markets.

The service will initially be regulated and available exclusively to Singapore-based holders.

DeCard’s Features: Crypto Settlement and Web3 Integration

On its side, DeCard offers D-Vault, a solution for crypto settlement and payment tracking that enhances transparency and security. Originating from Diners Club Singapore, the DCS club is evolving into a next-generation payment gateway.

Significantly, DeCard’s connection to Web3 unlocks new incentives and user experiences that go beyond traditional payment cards.

Why Stablecoins Matter for DeCard

With the stablecoin market expanding rapidly—now surpassing $301 billion in global supply—finding reliable banking partners remains crucial. Crypto-friendly banks are still relatively rare, and Standard Chartered’s involvement boosts the adoption of crypto spending cards with enhanced regulatory oversight and security.

DeCard focuses primarily on stablecoins as a low-risk option for crypto ownership. The card issuer emphasizes that stablecoin positions may be key to securing reserves, especially during periods of market volatility.

Utilizing Polygon for Seamless Crypto Transactions

DeCard is among the few card issuers leveraging Polygon, one of the earliest Layer 2 chains that scale Ethereum interactions efficiently. Furthermore, DeCard continues to expand its stablecoin options, recently adding popular assets such as USDC and USDT.

Each DeCard account is linked directly to a Polygon wallet, enabling real-time balance recognition when holding stablecoins, simplifying user experience.

Looking Ahead

As the crypto landscape evolves, partnerships like that of Standard Chartered and DCS Card Centre represent important steps toward integrating digital assets with everyday financial activities. With convenience, security, and regulatory compliance at its core, DeCard sets out to make stablecoin spending more accessible than ever.

—

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact. Reach out to learn more.
https://bitcoinethereumnews.com/finance/standard-chartered-partners-with-decard-for-stablecoin-payments/