Standard Chartered Bank collaborates with DCS to launch the stablecoin-based credit card DeCard in Singapore

According to CoinDesk, Standard Chartered Bank has partnered with DCS Card Center to become the main banking partner for the new credit card DeCard. This credit card allows users to make payments using stablecoins in everyday transactions. The two companies announced on Tuesday that DeCard will launch first in Singapore, where local regulators encourage experimentation with digital payment systems, and will then expand to other major markets. Standard Chartered Bank will provide virtual account services and API interfaces so that DCS can instantly identify and verify DeCard users' payments. This technological integration aims to make transactions faster and more transparent.