Banking giant Standard Chartered partnered with Singapore-based payment company DCS Card Centre to launch a credit card that enables purchases in both fiat and stablecoins.
Standard Chartered, the British multinational banking group, and DCS Card Centre, a Singaporean payments firm and card issuer, announced a collaboration aimed at developing infrastructure for stablecoin payments in Singapore.
Under the agreement, Standard Chartered will provide operational support for the issuance and maintenance of DeCard, a card that combines the capabilities of traditional banking tools with digital assets, in compliance with the Monetary Authority of Singapore (MAS) regulations.
Issued by DCS Card Centre and supported by Visa, DeCard will be among the first cards in Singapore allowing users to pay for goods and services in either Singapore dollars or stablecoins USDT and USDC. Conversion of digital assets into fiat will be processed through regionally licensed digital payment operators.
The card will be accepted at over 150 million merchants worldwide, with no annual fee and a cash withdrawal fee abroad of 5 SGD (~$3.83) or 1% of the amount withdrawn. According to the issuer, users could save up to 50% on currency conversion fees compared to regular credit cards issued in Singapore.
According to Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered, supporting stablecoin payments aligns with the bank’s strategy to develop regulated digital asset infrastructure and bridge traditional finance with the new digital economy.
Joan Han, COO at DCS, added that the partnership with Standard Chartered combines the reliability of traditional banking with innovative Web3 capabilities, demonstrating how digital assets can be seamlessly integrated into everyday payments while maintaining all security and compliance standards.
In 2024, Singapore emerged as one of the global leaders in Web3 technology development. In 2025, the country’s authorities initiated the creation of a new regulatory body to oversee and manage national payment systems to accelerate their growth.
