Standard Chartered Teams Up with DeCard to Revolutionize Stablecoin Payments in 2025

Banking giant Standard Chartered just made its biggest crypto move yet—partnering with DeCard to launch institutional-grade stablecoin payments. Forget legacy rails—this cuts settlement times from days to seconds.

Why it matters: Traditional finance finally admits blockchain works better. The partnership targets corporate clients first, letting them bypass SWIFT's glacial speeds and absurd fees. DeCard's tech handles compliance; StanChart brings the regulatory clout.

The cynical take: Watch banks 'discover' crypto efficiencies now that they can't suppress them. A decade late, but we'll take it.

Standard Chartered to offer banking settlement for crypto-based card

Standard Chartered will use its VIRTUAL account and API to partner with DCS and create virtual accounts for DeCard holders. The card will immediately verify and clear incoming payments across multiple channels. On the user side, the card will offer a seamless experience, even as multiple transactions are settled. 

The bank will also handle all bank-side services and potentially connect to financial markets. The service will be regulated and limited to Singapore holders after the initial launch. 

DeCard on its side will offer D-Vault for crypto settlement and payment tracking. The DCS club evolved from Diners Club Singapore, and will now grow into a next generation payment gateway. The card’s connection to Web3 will unlock additional incentives and experiences. 

While stablecoins are growing more popular, finding reliable banking is still important. As crypto-friendly banks are still rare, Standard Chartered is boosting the adoption of crypto spending cards. 

As the global stablecoin supply is now at a record of over $301B, cards remain one of the most convenient use cases, with added regulations and security. 

DeCard focuses on stablecoins

DeCard continues to focus on stablecoins as a low-risk crypto ownership option. The card issuer has suggested stablecoin positions may be key in securing reserves, especially during market turbulence. 

DeCard is one of the few card issuers to use Polygon, one of the earliest L2 chains that scale ethereum interactions. The card issuer also expands its stablecoin selection, recently adding USDC and USDT. DeCard accounts are also linked to a Polygon wallet, allowing for direct balance recognition when owning stablecoins.

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