Standard Chartered to Support DeCard Stablecoin Payments in Singapore

2 hours ago 1

The bank’s collaboration with DCS aims to enable stablecoin spending through DeCard, blending digital assets with traditional finance.

Nov 11, 2025, 6:53 a.m.

Standard Chartered has partnered with DCS Card Centre to act as the principal banking partner for DeCard, a new credit card that lets users spend stablecoins in everyday transactions.

The launch starts in Singapore, where regulators have encouraged experimentation with digital payment systems, before expanding to other major markets, the companies said on Tuesday

DeCard says it aims to make stablecoin spending as easy as using a regular credit card. It connects digital assets with traditional payment rails, allowing users to make purchases at merchants without worrying about volatility or complex conversions.

Standard Chartered will provide virtual account services and API connectivity so DCS can instantly identify and reconcile payments from DeCard users. That technical integration is designed to make transactions faster and more transparent, according to a press release.

“Our investments in our platforms, capabilities and solutions allow us to be the trusted banking partner bridging TradFi to DeFi," said Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered.

Powered by DCS and backed by over 50 years of card-issuing heritage, DeCard blends trust with Web3 innovation. Evolving from its roots as Diners Club Singapore, DCS is now a next-gen global payments provider, delivering secure, compliant, and innovative solutions.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Inside Zcash: Encrypted Money at Planetary Scale

Zcash 169 Title Image

A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.

What to know:

In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:

  • Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
  • The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
  • Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
  • Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.

More For You

BNY Sees Stablecoins, Tokenized Cash Hitting $3.6T by 2030 Amid Institutional Adoption

BNY office (BNY)

Blockchains won't replace the traditional rails but will be integrated and work in tandem, the bank said in the report.

What to know:

  • BNY projected stablecoins and digital cash instruments could reach $3.6 trillion in the next five years.
  • The report cited institutional demand and regulatory progress as major accelerators.
  • The bank emphasized integration, not replacement, of traditional and blockchain systems.
Read Entire Article