A wider partnership with Visa will take DCS DeCard’s stablecoin-linked payment cards into more than 70 markets outside Asia Pacific, the Singapore card company announced on 12 November 2026. The new markets span Europe, the Middle East, Africa and Latin America.
Stablecoins are cryptocurrencies designed to hold a steady value, usually by tracking the US dollar. A stablecoin-linked card lets the holder spend those coins at ordinary shops, with the coins converted so the shop is paid in regular money.
The wider deal applies to two parts of the business: the cards DCS DeCard builds for other firms under their own brands, and its corporate card, which now supports stablecoin spending.
How The Partner Card Service Works
Through its Cards-as-a-Service (CaaS) offering, DCS DeCard lets financial technology firms, crypto platforms and other companies put out stablecoin-linked cards carrying their own brand. DCS DeCard runs the card programme behind the scenes, including issuing the cards and processing payments.
A partner therefore does not need to build its own card-issuing systems. With the wider Visa deal, partners can now launch card programmes in the new markets. The company says the service also supports QR code payments and is designed to help partners meet compliance checks and launch faster.
Corporate Cards Add Stablecoin Spending
For mid-sized and large companies, DCS DeCard runs DeCard Business Account, a corporate card paired with spend management software. The software lets finance teams track expenses, send invoices and pull transaction reports in one place, and also covers treasury management.
The platform now offers stablecoin-enabled Visa corporate cards in eligible international markets. According to the company, firms can use them for costs such as advertising, purchasing and business travel.
Alongside its business products, DCS DeCard sells two consumer cards, DeCard and the premium DeCard Luminaries. It says cardholders can use them at more than 150 million shops and other merchants around the world.
George Jiang, head of DCS DeCard, said stablecoins are opening up new ways for businesses to build payment products and manage company spending. “But realising these opportunities at scale requires reliable infrastructure and access to established payment networks,” he said.
He called the deal a significant milestone in the company’s global ambitions. “This opens up new opportunities to reach new customers, work with more partners and bring stablecoin-linked payment solutions to businesses around the world,” he said.
Visa’s Stablecoin Volumes Climb
“The opportunity for stablecoins lies in making them useful for everyday payments, for consumers and businesses,” said Nischint Sanghavi, head of digital currencies for Asia Pacific at Visa.
Settlement is the step where card issuers and banks pay what they owe Visa, or receive what Visa owes them, for card transactions. Visa now lets some of them do this in stablecoins. In September 2026, the card network said this stablecoin settlement had passed an annualised run rate of $20bn, meaning its recent pace would add up to that amount over a full year. That was more than 15 times the level a year earlier.
The company also said more than 160 stablecoin-linked card programmes were running in its second fiscal quarter of 2026, the three months to March. Spending on those cards had grown by nearly 200% over the previous year.
Singapore is one of the places where Visa is testing the technology. In August 2026, it joined BLOOM, a project led by the Monetary Authority of Singapore (MAS), with payments firm Nium as its first partner. The two are piloting settlement in regulated US dollar and euro stablecoins seven days a week, including weekends and holidays when bank settlement normally stops.
How DeCard Started In Singapore
DCS Group grew out of Diners Club Singapore and says it has more than 50 years of card-issuing experience. Its DCS Card Centre business launched the original DeCard Visa card in May 2025. The card let users spend Tether (USDT) and USD Coin (USDC), two widely used dollar-linked stablecoins.
In September 2025, DCS and Visa launched DeCard Luminaries, a premium credit card aimed at Web3 founders, executives and other wealthy users. The card carries an annual fee of $388 and offers cashback of up to 10%, capped at $200 a month.
In November 2025, Standard Chartered agreed to support DeCard in Singapore. The bank took on cardholder top-ups, account management and settlement in both traditional currency and stablecoins. It also manages the card’s cash reserves and protects it against currency swings, and gives each cardholder a virtual account so incoming top-ups can be matched quickly.
Rules For Stablecoins Take Shape
Singapore’s regulator set stablecoin rules well before those deals. In August 2023, MAS finalised a framework for stablecoins issued in Singapore and pegged to either the Singapore dollar or one of the G10 major currencies.
US lawmakers acted later. In July 2025, President Donald Trump signed the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act, the first US federal framework for payment stablecoins. It requires issuers to back each coin one-to-one with reserves such as cash and short-term Treasury bills.
In Europe, one of DCS DeCard’s new regions, banks are preparing stablecoins of their own. Qivalis, a venture backed by 37 European banks, won a Dutch e-money licence, which lets a firm issue digital money backed by customer funds, to launch a euro stablecoin.
Not every crypto firm has cleared Europe’s licensing bar. Binance is closing accounts in France, Spain, Italy and Poland because it has not yet won authorisation under the Markets in Crypto-Assets Regulation (MiCA), the EU’s crypto rules.
The overall market is large. Stablecoins in circulation were worth about $295bn in early November 2026, according to data tracker DefiLlama. Tether and USD Coin, the two coins DeCard cards use, made up most of that total.
With the wider Visa deal, DCS DeCard’s card business now reaches beyond Asia Pacific into more than 70 markets. The company offers stablecoin spending through cards it builds for partners, its own consumer cards and a corporate card for business costs. The move comes as Visa reports more stablecoin-linked programmes on its network and as Singapore, the US and Europe set rules for the coins.
