Standard Chartered, DCS partner to support stablecoin credit card in Singapore

Standard Chartered has announced a partnership with DCS Card Centre to support DeCard, a credit card that enables stablecoin spending for real-world transactions.

Under the partnership, Standard Chartered will provide comprehensive transaction banking and financial markets services to support DeCard's Singapore user base. These include cardholder top-up processing, account management, as well as fiat and stablecoin settlements, according to the bank's Tuesday statement. 

The collaboration, launched first in Singapore, is expected to expand into other key markets, the bank said. 

Specifically, Standard Chartered's virtual account and API connectivity will let DCS identify and reconcile DeCard cardholder payments across channels, according to the statement.

"[Standard Chartered's] 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," said Joan Han, chief commercial officer at DCS.

DeCard, powered by DCS, enables users to spend stablecoins like traditional credit cards while managing balances and repayments through its D-Vault account system. DCS, formerly known as Diners Club Singapore, has more than 50 years of card-issuing experience and has transitioned into a global payments provider focused on Web3 innovation.

Singapore has positioned itself as a hub for regulated crypto assets and has implemented a regulatory framework for stablecoins. The Monetary Authority of Singapore classifies stablecoins as "digital payment tokens" under the Payment Services Act, and has introduced a separate framework in August 2023 for single-currency stablecoins pegged to the Singapore dollar or major currencies like the U.S. dollar and euro.

Since then, several crypto firms have rolled out stablecoin payment services in the country. For example, OKX launched OKX Pay in Singapore in September 2025, enabling users to pay with USDC or USDT stablecoins at participating GrabPay merchants.