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Standard Chartered has taken a significant step toward embracing blockchain-powered payments by announcing its support for Decard’s stablecoin payment network in Singapore. This collaboration allows Decard users to spend their stablecoins directly with merchants, bridging the gap between traditional banking services and emerging digital currencies. It marks another move by a major global bank to explore the real-world utility of blockchain in regulated financial environments.
Decard is focused on offering crypto-linked card services that can process stablecoin transactions, enabling fast and low-cost payments. With Standard Chartered backing this integration, users will be able to top up cards using USDC and other supported stablecoins, with settlements handled in real time. This move is expected to provide added convenience for consumers while also helping merchants reduce fees associated with traditional card processing.
The partnership comes amid a broader trend of financial institutions in Asia deepening their involvement in blockchain and digital asset infrastructure. Singapore, in particular, has positioned itself as a leading hub for crypto innovation, with regulators working to ensure both compliance and technological advancement. Standard Chartered’s involvement adds credibility to Decard’s platform and opens the door for similar initiatives across the region.
This integration highlights the evolving role of stablecoins beyond speculation, bringing them closer to everyday utility. As more traditional banks support crypto-native tools, the lines between Web2 and Web3 continue to blur, setting the stage for a more seamless financial future.
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