Overview
- DCS named Standard Chartered as the principal banking partner for DeCard, a credit card designed for stablecoin spending.
- DeCard links digital assets to traditional payment networks so users can pay merchants without manual conversions.
- Virtual accounts plus API integration aim to provide instant identification and reconciliation with faster, more transparent transactions.
- The rollout begins in Singapore with plans for expansion to additional markets, while large-scale merchant adoption data has not yet been reported.
- Standard Chartered will also offer transaction banking services including fiat and stablecoin settlement, treasury management, liquidity oversight and FX hedging, with DCS bringing more than 50 years of card-issuing experience from its Diners Club Singapore roots.