Key Takeaways
- Standard Chartered is launching a stablecoin-focused credit card in Singapore in partnership with DCS.
- Users of the DeCard can spend stablecoins at physical merchant stores nationwide.
- The initial rollout is scheduled to begin in November, with a major rollout potentially starting earlier next year.
Standard Chartered has partnered with DCS Card Centre, which boasts over five decades of experience, to launch DeCard, a stablecoin-focused credit card.
The new credit card enables users to pay with stablecoins directly at physical stores and merchants across Singapore.
DeCard Bridges DeFi With TradFi
DeCard bridges decentralized finance (DeFi) with traditional payment infrastructure by allowing cardholders to spend stablecoins for everyday purchases without exposure to cryptocurrency volatility or the need for complex conversions.
The card operates with a proprietary D-Vault system that securely tracks user balances, facilitates repayments, and processes crypto-to-fiat settlements in real-time.
Standard Chartered will serve as the primary banking partner, providing a comprehensive range of services, including transaction banking, account management, fiat and stablecoin settlement rails, virtual account infrastructure, API connectivity for instant payment identification and reconciliation, treasury operations, liquidity management, and foreign exchange hedging.
“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.
The initial launch is scheduled to begin in November, with the full rollout expected to occur in the first half of 2026.
The latest developments in Singapore come amid progressive crypto regulatory developments, and its success could propel ambitions for worldwide expansion, and is a significant step toward mainstream stablecoin payments similar to standard cards.
Singapore’s Growing Stablecoin Dominance in Asia
Singapore remains a global pioneer in digital asset innovation, especially in Asia.
The country’s financial regulator, the Monetary Authority of Singapore (MAS), has established a solid legal framework for stablecoins under the Single Currency Stablecoin (SCS) framework, which was formalized in 2023.
This government is targeting stablecoins pegged to the Singapore Dollar (SGD) or G10 currencies, requiring issuers to maintain 1:1 reserves, limit their activities to issuance only, and initially operate solely from Singapore.
The country has witnessed significant developments in stablecoins throughout 2025.
Earlier in 2025, the SGD-pegged stablecoin XSGD, created by StraitsX and fully backed 1:1 by reserves at DBS Bank and Standard Chartered, has extended across several platforms.
In May, XSGD made its debut on the XRP Ledger (XRPL) in conjunction with Ripple, allowing for cross-border transactions, programmable payouts, and on-chain settlements, with institutional functionality added in June.
By September, it became the first SGD-backed stablecoin listed on Coinbase, with trading commencing on Sept. 30 for customers in Singapore and worldwide.
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Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
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