Standard Chartered Bank has partnered with DCS Card Centre to introduce DeCard, a stablecoin-based credit card, in Singapore. The card enables users to conduct everyday transactions using stablecoins, marking a significant step in integrating digital currencies into mainstream financial services. Initially launching in Singapore, the initiative aligns with the country's regulatory support for digital payment innovations.
Standard Chartered will provide essential virtual account services and API interfaces, facilitating instant identification and verification of DeCard users' payments. This collaboration aims to enhance transaction speed and transparency, setting the stage for potential expansion into other major markets.
Standard Chartered and DCS Launch Stablecoin Credit Card in Singapore
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