Standard Chartered to power DCS stablecoin expansion in Singapore

Standard Chartered is teaming up with DCS Card Centre (DCS) in a move aimed at accelerating the Singapore-based platform’s DeCard rollout.

The bank revealed the strategic move on November 11, 2025, with the integration coming as stablecoin adoption ramps up amid global digital assets traction.

Tether’s USDT, Circle’s USDC lead the stablecoin market, while launches such as Ripple USD and PayPal USD make inroads.

Major milestone as Standard Chartered partners with DCS to power DeCard

DeCard is a next-generation credit card that allows users to seamlessly spend stablecoins for real-world payments.

Standard Chartered’s partnership with DCS makes the bank the principal banking partner for DeCard.

With DeCard, users can leverage digital currencies like stablecoins for payments at merchants, all while adhering to stringent regulatory standards.

Rollout begins in Singapore, and Standard Chartered will bolster adoption by delivering a comprehensive suite of transaction banking and financial markets services tailored to DeCard’s expanding ecosystem.

This includes streamlined processing for cardholder top-ups, robust account management protocols, and efficient settlements involving both fiat currencies and stablecoins. 

Furthermore, the bank’s advanced Financial Markets division will oversee critical treasury functions, liquidity management, and foreign exchange hedging.

According to the announcement, collaboration aims for both operational resilience amid volatile market conditions.

“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. Our investments in our platforms, capabilities and solutions allow us to be the trusted banking partner bridging TradFi to DeFi,” said Dhiraj Bajaj, global head of TB FI sales at Standard Chartered.

Stablecoin adoption on the rise

The convergence of traditional finance (TradFi) and decentralized finance (DeFi) continues as financial institutions worldwide embrace blockchain technology.

DeCard is among initiatives in this transformative next phase of adoption.

Initial rollout is in Singapore, a global hub for fintech innovation and digital asset experimentation.

Per details, launches in other high-potential markets in the Asia-Pacific region, and potentially further afield, will follow.

“We’re thrilled to partner with Standard Chartered, a globally recognised and trusted financial institution, to power the next chapter of DeCard’s growth,” said Joan Han, chief commercial officer, DCS.

“Their 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.”

A key pillar of this collaboration lies in Standard Chartered’s deployment of virtual account solutions and seamless API integrations.

These tools will empower DCS to generate individualised virtual accounts for DeCard users, expediting the detection and harmonisation of inbound payments from diverse sources. 

Industry observers anticipate that this partnership could catalyse more usage of sablecoins in remittances, e-commerce, and cross-border trade.

For DCS, the infusion of Standard Chartered’s institutional heft validates DeCard’s vision amid a competitive field of crypto-enabled cards.

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