Standard Chartered Evaluates Environment For Stablecoin Adoption In Singapore: Supports DeCard

Yet another update related to cryptocurrency from Standard Chartered—this time it’s all about stablecoins! This leading bank has joined forces with DCS Card Centre to introduce DeCard. So, what exactly is DeCard? It is a credit card enabling users to utilize stablecoins for their daily transactions.

Standard Chartered selected Singapore as the location for its stablecoin pilot. On 11 November 2025, the bank revealed its collaboration with DCS, stating that it will provide transaction banking and financial market services to bolster DeCard’s expanding user base in Singapore, including assisting with fiat and stablecoin transactions. “The Bank will also oversee the treasury, liquidity, and FX hedging requirements for the card through its Financial Markets capabilities,” the press release indicated.

The Monetary Authority of Singapore (MAS) has been actively promoting digital asset innovation, having recently granted multiple licenses to crypto service providers. 

Standard Chartered collaborates with DCS for stablecoin transactions in Singapore.

This strategic alliance aims to integrate stablecoins with DeCard to facilitate seamless operations between digital and traditional finance, improving payment efficiency in the region. pic.twitter.com/BW01iCyyet

— Giorgi Apkhazava (@Giorgiapkh) November 11, 2025

Reflecting on the partnership, Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered stated, “This strategic alliance aligns with our ongoing efforts to deliver banking solutions for innovative Fintech partners and is crucial to our strategy of assisting clients as they navigate the evolving digital assets landscape. Our investments in our platforms, capabilities, and solutions position us as the reliable banking partner connecting TradFi and Decentralized finance.”

Regarding Standard Chartered bank, Joan Han, Chief Commercial Officer at DCS noted, “Their banking proficiency and robust infrastructure empower us to offer secure, transparent, and efficient stablecoin payments to a broader audience, setting a new standard for responsibly utilizing digital assets in daily life.”

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Standard Chartered CEO Anticipates All Transactions on Blockchains, All Money to be Digital

“Virtually all transactions will eventually be settled on blockchains, and all money will transition to digital,” stated Standard Chartered CEO Bill Winters. He foresaw a “total transformation of the financial system” while addressing the Hong Kong FinTech Week audience. “Contemplate what that entails – a full overhaul of the financial system,” he remarked. “Yet, we cannot predict the specifics.”

Significantly, Standard Chartered’s spot crypto trading service has recently come to fruition, making it the first G-SIB (Globally Systemically Important Bank) to allow its institutional clients direct spot trading access to Bitcoin (Bitcoin) and Ether (ETH) in a regulated manner.

This service commenced in July 2025 and integrates with Standard Chartered’s established trading platforms, permitting trading of BTC and ETH on familiar Foreign Exchange systems. Moreover, clients can settle with a custodian of their choosing, including the bank’s internal custody service offerings. Rene Michau, Global Head of Digital Assets, clarified that while the offering currently accommodates only Asian and European trading hours, a 24/5 availability is being explored based on client demand.

NEW: Standard Chartered is banking on Hong Kong’s forward-thinking crypto regulations to solidify its global blockchain and digital finance strategy, according to CEO Bill Winters.

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

— Crypto Bazari (@CryptoBazari) November 10, 2025

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