Standard Chartered Partners with DCS to Enable Stablecoin Settlements in Singapore
Standard Chartered has entered a strategic partnership with DCS Card Center to facilitate stablecoin transactions through the DeCard credit card. The collaboration leverages the bank's infrastructure to support DeCard's expanding user base in Singapore, marking another step in Standard Chartered's deepening involvement in digital assets.
The UK-based banking giant continues to establish its crypto credentials, having recently launched institutional trading desks for Bitcoin and Ethereum. Its August joint venture with Animoca Brands and Hong Kong Telecom to pursue a stablecoin license in Hong Kong further demonstrates this commitment.
DCS, formerly Diners Club Singapore, positions its DeCard product as a bridge between stablecoins and real-world commerce. The MOVE signals growing institutional acceptance of dollar-pegged digital currencies as payment instruments.
