Singapore Gets Its First Stablecoin Credit Card, Thanks to Standard Chartered

Key Takeaways

• Standard Chartered is launching a stablecoin-focused recognition paper successful Singapore successful concern with DCS.

• Users of the DeCard tin walk stablecoins astatine carnal merchant stores nationwide.

• The archetypal rollout is scheduled to statesman successful November, with a large rollout perchance starting earlier adjacent year.

Standard Chartered has partnered with DCS Card Centre, which boasts implicit 5 decades of experience, to motorboat DeCard, a stablecoin-focused recognition card.

The caller recognition paper enables users to wage with stablecoins straight astatine carnal stores and merchants crossed Singapore.

DeCard bridges decentralized concern (DeFi) with accepted outgo infrastructure by allowing cardholders to walk stablecoins for mundane purchases without vulnerability to cryptocurrency volatility oregon the request for analyzable conversions.

The paper operates with a proprietary D-Vault strategy that securely tracks idiosyncratic balances, facilitates repayments, and processes crypto-to-fiat settlements successful real-time.

Standard Chartered volition service arsenic the superior banking partner, providing a broad scope of services, including transaction banking, relationship management, fiat and stablecoin colony rails, virtual relationship infrastructure, API connectivity for instant outgo recognition and reconciliation, treasury operations, liquidity management, and overseas speech hedging.

“Our investments successful our platforms, capabilities, and solutions let america to beryllium the trusted banking spouse bridging TradFi to DeFi,” said Dhiraj Bajaj, Global Head of TB FI Sales astatine Standard Chartered.

The archetypal motorboat is scheduled to statesman successful November, with the afloat rollout expected to hap successful the archetypal fractional of 2026.  

The latest developments successful Singapore travel amid progressive crypto regulatory developments, and its occurrence could propel ambitions for worldwide expansion, and is simply a important measurement toward mainstream stablecoin payments akin to modular cards.

Singapore remains a planetary pioneer successful integer plus innovation, particularly successful Asia.

The country’s fiscal regulator, the Monetary Authority of Singapore (MAS), has established a coagulated ineligible framework for stablecoins nether the Single Currency Stablecoin (SCS) framework, which was formalized successful 2023.

This authorities is targeting stablecoins pegged to the Singapore Dollar (SGD) oregon G10 currencies, requiring issuers to support 1:1 reserves, bounds their activities to issuance only, and initially run solely from Singapore.

The state has witnessed important developments successful stablecoins passim 2025.