Approved Standard Testing Ground for Stablecoin Integration in Singapore: Supports DeCard

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

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

The Monetary Authority of Singapore (MAS) has been proactively encouraging innovation in digital assets – in that it has recently issued several licenses to crypto service providers.

Standard Chartered partners with DCS for stablecoin payments in Singapore.

This collaboration aims to integrate stablecoins with DeCard for seamless digital and traditional financial operations, thereby improving 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 part of our ongoing efforts to offer banking solutions to innovative Fintech partners and is at the heart of our strategy to help clients navigate the evolving digital asset space. Our investments in our platforms, capabilities and solutions enable us to be the trusted banking partner connecting TradFi with DeFi.”

Speaking about Standard Chartered Bank, DCS Chief Commercial Officer Joan Han 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

“Almost all transactions will eventually be settled on blockchains, and all money will be digital,” said Bill Winters, CEO of Standard Chartered. He predicted a “complete overhaul of the financial system” during his speech at Hong Kong FinTech Week. “Think about what that means: a complete overhaul of the financial system,” he said. “But we don’t know exactly how.”

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

The service launched in July 2025 and integrates with Standard Chartered’s existing trading platforms, enabling the trading of Bitcoin and Ethereum on familiar exchange interfaces. Additionally, customers can settle with a custodian of their choice, including the bank’s in-house custodial service offerings. René Michau, Global Head of Digital Assets, explained that while supply is currently limited to trading hours in Asia and Europe, 24/5 access is being explored based on customer demand.

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

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

– Crypto Bazari (@CryptoBazari) November 10, 2025

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