"Rain's partnership with Mastercard allows the startup to target larger institutions that have existing relationships with payment networks, enhancing their ability to innovate in the stablecoin space."
"Valued at $1.95 billion, Rain helps clients launch cards backed by users' stablecoin deposits, enabling neobanks to settle charges using crypto instead of traditional currencies."
"The integration of stablecoins into payment systems is gaining momentum, with companies like Meta and Shopify adopting stablecoin payments, reflecting a significant shift in financial technology."
Rain has partnered with Mastercard to provide credit and prepaid cards, moving beyond its previous collaboration with Visa. The startup aims to facilitate stablecoin payments for larger institutions. Valued at $1.95 billion, Rain enables clients to launch cards backed by stablecoin deposits. The partnership allows Rain to target enterprises with established relationships in the payments network. This development aligns with a broader trend of integrating stablecoins into financial systems, following regulatory advancements and partnerships by major companies like Meta and Shopify.
Read at Fortune
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