← State of Embedded Finance 2026

DCS

“Can a traditional credit card issuer become the leading stablecoin-enabled card platform in Southeast Asia by partnering with global banks for settlement infrastructure?”

HQSingapore
IndustryFintech / Consumer banking

The story

DCS Card Centre is a Singapore-based credit card issuer that has pivoted toward embedded crypto and stablecoin-enabled payment products, launching DeCard to allow cardholders to spend stablecoins in everyday transactions. The partnership with Standard Chartered as principal banking partner provides transaction banking, fiat/stablecoin settlement, and FX hedging infrastructure for the product.

Last 12 months

2025

Standard Chartered announced partnership with DCS Card Centre as principal banking partner for DeCard, covering cardholder top-up processing, account management, fiat and stablecoin settlements, treasury, liquidity, and FX hedging.

Product timeline

2025

Launched DeCard, a next-generation credit card enabling stablecoin spending in the real world, in partnership with Standard Chartered as principal banking partner.· card

The stack

Banking / BaaS

Standard Chartered (principal banking partner)

KYC

Sumsub

Sponsor bank

Standard Chartered

FX & payouts

Standard Chartered Financial Markets (FX hedging)

Accounting gap: none