Standard Chartered has partnered with DCS Card Centre to launch DeCard. This new credit card lets users pay with stablecoins in everyday transactions. The rollout starts in Singapore, with plans to expand to other markets.
How DeCard Works
DeCard functions like a regular credit card but uses stablecoins for payments. Users manage spending and repayments via DCS’s D-Vault system. DCS, formerly Diners Club Singapore, has over 50 years of card-issuing experience. It now focuses on Web3 and digital payments.
Standard Chartered provides transaction banking and financial markets support. Their technology creates virtual accounts for each user. This simplifies payment tracking and transaction reconciliation.
Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered, said, “Our investments in platforms and solutions allow us to be the trusted banking partner bridging TradFi to DeFi.” Joan Han, Chief Commercial Officer at DCS, stated, “This collaboration enables secure, transparent, and efficient stablecoin payments in everyday life.”
Singapore’s Role in Stablecoin Adoption
Singapore is a key hub for regulated crypto activities. The Monetary Authority of Singapore (MAS) classifies stablecoins as “digital payment tokens” under the Payment Services Act. In August 2023, MAS introduced regulations for single-currency stablecoins pegged to major currencies like the U.S. dollar and euro.
Several firms have launched stablecoin payment services in Singapore. OKX started OKX Pay in September 2025, enabling payments with USDC or USDT at GrabPay merchants. In July 2025, Paxos Digital Singapore Pte. Ltd. gained MAS approval to operate as a Major Payment Institution for digital payment tokens.
Moving Stablecoins into Mainstream Use
The launch of DeCard and similar projects shows digital assets are becoming part of everyday life. Singapore’s clear regulations give users and businesses confidence to adopt these services safely. This balanced approach promotes innovation while ensuring responsible digital finance growth.
