Standard Chartered Partners with DCS for DeCard Stablecoin Payments
Standard Chartered has forged a strategic alliance with DCS Card Centre to launch DeCard, a credit card enabling real-world stablecoin transactions. The bank will serve as the principal banking partner, handling treasury management, liquidity provision, and foreign exchange hedging for seamless fiat-stablecoin conversions.
The initiative debuts in Singapore, with global expansion plans underway. DeCard represents a milestone in bridging digital assets and traditional finance, offering users secure, transparent payment infrastructure backed by Standard Chartered's financial markets expertise.
This collaboration signals growing institutional adoption of stablecoin utility, particularly for everyday spending. Market observers note the potential for such products to accelerate cryptocurrency mainstream acceptance when paired with established banking safeguards.
