Under the partnership, Standard Chartered explained on Tuesday that it has become the principal banking partner for Decard, handling transaction banking, liquidity, and foreign exchange operations.

The bank further disclosed it will oversee fiat and stablecoin settlements, manage cardholder top-ups and accounts, and provide treasury and hedging support through its financial markets arm.

Using Standard Chartered’s virtual account and API infrastructure, DCS will be able to create unique virtual accounts for each Decard user—allowing instant payment identification and reconciliation across multiple channels. The setup, the announcement notes, aims to make stablecoin transactions as frictionless as any other payment method.

“This partnership is in line with our continued efforts to offer banking solutions for innovative fintech partners,” said Dhiraj Bajaj, Standard Chartered’s global head of transaction banking for financial institutions. Bajaj noted that the initiative builds a bridge between traditional finance and decentralized finance (DeFi), aligning with the bank’s push into regulated digital assets.

DCS Chief Commercial Officer Joan Han said the collaboration will “bring secure, transparent, and efficient stablecoin payments to the mainstream,” calling it a significant step toward integrating digital assets responsibly into everyday life.

The pilot launches in Singapore, with plans to expand to other markets in the near future. As more institutions embrace blockchain-based finance, the Decard project highlights Singapore’s emergence as a regulated hub for digital payment innovation.

• What is Decard?
  Decard is a credit card that enables users to spend stablecoins for real-world purchases in Singapore.
• Who is behind the Decard project?
  The initiative is powered by a partnership between Standard Chartered and DCS (DCS Card Centre).
• What role does Standard Chartered play?
  Standard Chartered provides banking infrastructure, including settlements, liquidity management, and FX services.
• Is Decard available outside Singapore?
  Not yet, but expansion into other key markets is planned following its Singapore launch.

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