Standard Chartered &DCS Launch DeCard Stablecoin Credit Card
Standard Chartered has partnered with DCS Card Centre to launch DeCard, a stablecoin credit card, in Singapore.
As principal banking partner, Standard Chartered provides transaction banking services—fiat and stablecoin settlements, treasury management, liquidity oversight, and FX hedging—via API connectivity and virtual account infrastructure.
The stablecoin credit card is built on Polygon’s Layer 2 network. It uses virtual accounts and APIs to clear USDC and USDT transactions in real time. DeCard’s D-Vault digital account offers flexible credit limits, seamless top-ups, and consolidated spending and repayment management.
Users can spend USDC or USDT at merchants without volatility concerns. They benefit from instant payment reconciliation across multiple channels and bank-side services that bridge traditional finance and Web3.
Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered, highlights the bank’s role in connecting TradFi and Web3. CEO Bill Winters predicts that all global transactions will settle on blockchains and that money will become fully digital. After its Singapore debut, DeCard will expand globally to drive mainstream blockchain payment adoption.
Neutral
While the DeCard stablecoin credit card marks a significant step for crypto payments and could increase network activity on Polygon, stablecoins like USDC and USDT remain pegged to the US dollar. As a result, this development is unlikely to affect their price. In the short term, increased transaction volume may support network fees, offering slight benefits to MATIC holders. However, long-term price movements for stablecoins will remain minimal due to their design. Therefore, the overall market impact is neutral.