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 on everyday transactions.
The rollout begins in Singapore, where regulators have encouraged experimentation with digital payment systems, before expanding to other major markets, the companies said Tuesday.
DeCard says his goal is to make spending stablecoins as easy as using a regular credit card. It connects digital assets with traditional payment pathways, allowing users to make purchases from merchants without worrying about volatility or complex conversions.
Standard Chartered will provide virtual account services and API connectivity so DCS can instantly identify and reconcile payments for DeCard users. That technical integration is designed 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 that bridges TradFi to DeFi,” said Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered.
Developed by DCS and backed by over 50 years of card issuing experience, DeCard combines trust with 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.
