What if you could access credit based on your crypto and use it instantly, anywhere Visa is accepted? That’s the powerful combination behind Exa App and Rain. Together, we're enabling users to keep their assets onchain while using borrowed funds for real-world purchases.
Exa App is more than just another crypto wallet. It’s a seamless interface to the Exactly Protocol, a fixed-rate lending protocol that lets users access stablecoin loans using their crypto as collateral. In simple terms: you can lock up your ETH, receive credit in USDC, and use that USDC via a Rain-issued virtual card—all without selling your original assets.
This means Exa users can split big purchases into six or seven fixed-rate installments, all while keeping their crypto positions intact.
When the Exa team set out to bring this vision to life, they needed a card issuer that could meet some serious demands: global Visa coverage, instant USDC-to-dollar swaps, and a developer-friendly API to integrate seamlessly with onchain logic. Rain checked every box.
As a Visa Principal Member and the most experienced issuer of stablecoin-linked card programs, Rain offered Exa the speed, flexibility, and stability it needed to get to market quickly without compromising on compliance or user experience.
Since launching with Rain three months ago, Exa App has seen over $1 million in card transactions and more than $1.5 million in deposits on the Protocol. With around 2,000 users averaging $80 per transaction, the card is already a hit among power users, especially those using it to book travel or pay for big-ticket items in installments.
For example, cardholders are booking Airbnbs or expensive flights from Argentina to Europe on their Rain-issued Visa cards and paying for those in installments thanks to fixed-rate credit provided by the Exactly Protocol.
In addition to the credit offered by the Exactly Protocol, the Exa App is unique for its sophisticated functionality through an intuitive interface. From passkey-based login where your phone’s Face ID is your private key, to nearly instant card approvals, the app is designed to feel like a familiar Web2 fintech product. Yet under the hood, it's all DeFi. As founder Gabriel Gruber explains, "You don’t even know you’re using DeFi, and that’s by design."
It’s the next evolution of decentralized finance: practical, accessible, and built for everyday use. And Rain is proud to power the infrastructure that makes it possible.
Ready to give your users’ onchain assets everyday utility? Rain makes launching a compliant, global card program easy in weeks. Contact us to begin designing your unique program.
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