Standard Chartered Tests Ground For Stablecoin Integration In Singapore: Backs DeCard

[Ben Graham]

Another crypto related announcement from Standard Chartered- this time its about stablecoins! The world’s most established bank has partnered with DCS Card Centre to launch DeCard. And what is a DeCard? It is a credit card that allows users to spend stablecoins for everyday purchases.

Standard Chartered chose Singapore for its stablecoin pilot. On 11 November 2025, the bank announced the partnership with DCS and said that through this partnership, it will provide transaction banking and financial markets services to support DeCard’s growing user base in Singapore. Including, covering fiat and stablecoin settlements. “The Bank will also manage the treasury, liquidity, and FX hedging needs of the card through its Financial Markets capabilities,” the press release said.

The Monetary Authority of Singapore (MAS) has been proactively encouraging digital asset innovation – in that, it has issued multiple licenses to crypto service providers lately. 

Standard Chartered partners with DCS for stablecoin payments in Singapore.

This collaboration aims to integrate stablecoins with DeCard for seamless digital and traditional finance operations, enhancing payment efficiency in the region. pic.twitter.com/BW01iCyyet

— Giorgi Apkhazava (@Giorgiapkh) November 11, 2025

Commenting on the partnership, Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered said, “This partnership is in line with our continued efforts to offer banking solutions for innovative Fintech partners and is central to our strategy of supporting clients in navigating the evolving digital assets space. Our investments in our platforms, capabilities and solutions allow us to be the trusted banking partner bridging TradFi to DeFi.”

Talking about Standard Chartered bank, Joan Han, Chief Commercial Officer at DCS said, “Their banking expertise and robust infrastructure enable us to bring secure, transparent, and efficient stablecoin payments to the mainstream, setting a new benchmark for how digital assets can be used responsibly in everyday life.”

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Standard Chartered CEO Predicts All Transactions On Blockchains, All Money Will Be Digital

“Pretty much all transactions will settle on blockchains eventually, and that all money will be digital,” said Standard Chartered CEO Bill Winters. He predicted a “complete rewiring of the financial system” while speaking at the Hong Kong FinTech Week. “Think about what that means – a complete rewiring of the financial system,” he said. “But we don’t know exactly how.”

Notably, Standard Chartered’s spot crypto trading offering became fully realised recently. The bank became the first G-SIB (Globally Systemically Important Bank) to offer its institutional clients direct spot trading access to Bitcoin (BTC) and Ether (ETH) in a regulated manner.

The service launched in July 2025 and integrates with Standard Chartered’s existing trading platforms, allowing for the trading of Bitcoin and Ethereum on familiar Foreign Exchange interfaces. Additionally, clients can settle with a custodian of their choice, including the bank’s in-house custody service offerings. Rene Michau, Global Head of Digital Assets, explained that while the offering is currently limited to Asian and European trading hours, 24/5 access is under consideration depending on client demand.

NEW: Standard Chartered is betting on Hong Kong’s progressive crypto regulations to anchor its global blockchain and digital finance strategy, says CEO Bill Winters.

Standard Chartered is positioning Hong Kong as the cornerstone of its global #blockchain and digital finance… pic.twitter.com/yJiNwpDAIG

— Crypto Bazari (@CryptoBazari) November 10, 2025

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Key Takeaways

Launching the pilot in Singapore allows the DeCard project to operate within one of the world’s most advanced regulatory sandboxes.

DeCard is designed to make spending stablecoins as easy as using a regular credit card.

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