Money
in motion

Today, we announced that Rain has raised $58 million in Series B funding, led by Sapphire Ventures and with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest. This investment will help us accelerate our progress toward becoming the global stablecoin enablement platform for enterprises, marketplaces, neobanks, and developers.

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A pivotal moment for stablecoins

Over the past 18 months, stablecoins have moved from the periphery of finance to the center of global payment flows. In 2024 alone, they processed $27.6 trillion in transactions — more than Visa and Mastercard combined — and the number of active stablecoin wallets grew by over 50% year-over-year, now surpassing 30 million worldwide.

We are still early in the adoption curve. In many ways, stablecoins today are where mobile phones were in the late 1980s: powerful, but bulky and limited to a select few. Back then, mobile phones were reserved for executives and installed in cars; today, they’re in everyone’s pocket, transforming nearly every industry. Stablecoins are on a similar path as they move from niche usage to universal utility at a pace that will feel inevitable in hindsight.

Those of you who have been following our journey know we announced our Series A in March of this year. That raise was about expanding the global footprint of our card issuance solution, and boy did we deliver:

• Since January 2025, card transactions are up 10x, with partners seeing sustained double-digit monthly growth.
• A single Rain integration now unlocks access to a serviceable market of over 1.5 billion people worldwide.
• End users are transacting in over 150 countries — from purchases at local merchants to online marketplace payouts.

Our infrastructure is being used by companies like Nuvei, which pays merchants seven days a week in stablecoins through Rain-powered accounts, and Nomad, whose customers in Brazil can save, store, and spend in dollars seamlessly for anything from coffee to Starlink.

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Why we raised

If our Series A was about scaling our card platform, this raise is about expanding the full stack of services enterprises need to launch and scale stablecoin-based products:

• Money-In: Integrated on-ramps and virtual accounts to support more fiat-backed programs globally.
• Wallets & Accounts: Embedded wallets that allow any app or platform to compliantly hold stablecoins.
• Money-Out: Real-time cross-border payout rails, advanced treasury controls, and multi-currency off-ramps.

Our goal is to be the one-stop shop for stablecoin adoption, so partners can focus on their customers and leave the complexity of global payments infrastructure to us.
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At the same time, we’re doubling down on supporting the customers who are already winning with Rain. Their programs are growing at an extraordinary pace, and this raise ensures we can scale our infrastructure, services, and collaboration alongside them. That means even faster onboarding, better end-to-end customer experiences, and deeper co-development to help our partners grow their programs and reach new markets even faster.

We’re pleased to have chosen Sapphire to back this enterprise-worthy ambition. Their belief in the future of programmable, globally accessible money — and their experience helping companies scale into regulated, multi-jurisdictional environments — make them the right partner for our next stage.

We’re also grateful to our returning investors, including Norwest, Lightspeed, and Galaxy Ventures, for reaffirming their support.

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The way money was supposed to be

The earliest form of money was beads, seeds, shells, and coins. When it was exchanged, it moved instantly from one hand to another. Over time, the whole system slowed down, introducing delays, intermediaries, and unnecessary costs.

Rain builds the technology that makes money move freely again:

• So a global marketplace can pay sellers across 50 countries in seconds, not weeks, without needing a web of bank accounts.
• So the freelance engineer in Argentina can get paid instantly, securely store their income in stablecoins, and use it to purchase their children’s back-to-school gear.
• So the auto manufacturer can pay suppliers as soon as materials arrive at port, receive raw materials days sooner, and keep their factories humming.

If you’re involved with payments at your company and these types of improvements excite you, we’d love to work with you. Reach out to connect with our team.

And if you want to help build this future, we’re hiring across every team to meet the demand from partners ready to embed stablecoins into their products. Explore careers at Rain here.

Rain has experienced 10x growth in 2025 and now powers service to 1.5B+ people through a single integration

Rain, the enterprise-grade infrastructure for stablecoin-powered payments, today announced a $58 million Series B funding round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest. The raise brings Rain’s total funding to $88.5M and comes just five months after the company’s Series A — cementing Rain’s role as the single integration global fintechs, banks, and marketplaces use to launch compliant stablecoin-powered cards, wallets, and payment programs.

Enterprise interest in stablecoins has surged following the GENIUS Act in the U.S. and the MiCA framework in Europe, which have created a clear regulatory path for adoption. Rain’s vertically integrated platform enables partners to embed stablecoins into products and operations — covering money-in, storage, spending, and money-out — all through one API. Partners can compliantly launch programs to over 1.5 billion people today, with expansion underway into Europe, the Middle East, Africa, and Asia-Pacific.

Rain has pioneered making stablecoins instantly usable anywhere Visa is accepted through its physical and virtual card programs, processing millions of transactions across 150+ countries. The company’s transaction volume has grown 10x since January 2025, with portfolio partners — including Nuvei, Avalanche, Dakota, and Nomad — using Rain’s infrastructure for merchant payouts, everyday consumer purchases, B2B spend, and cross-border payroll.

Stablecoins are shifting to the backbone of global commerce,” said Farooq Malik, CEO and Co-founder of Rain. “In its earliest form, money moved instantly. We’ve spent centuries slowing it down. Rain is bringing that simplicity back to billions of people, but now it works across any border, any platform, and any currency.”

Rain is a Visa Principal Member and uniquely settles 100% of card payment volume directly in stablecoins on the Visa network. The platform is built natively for stablecoins, not retrofitted from fiat rails, and meets enterprise compliance standards including PCI DSS, SOC 2, and audited smart contracts.

Stablecoins have scaled to hundreds of billions in circulation, but until now, they couldn’t be easily spent. Rain is working to fix that by connecting stablecoins to Visa’s global network, turning them into money you can actually use for everyday commerce. We’re proud to partner with Farooq, Charles, and the Rain team as they redefine the future of payments,” said Jai Das, President and Partner at Sapphire Ventures, as well as Rain’s newest Board Director.

The new funding will be used to expand Rain’s platform and services to give global institutions the most flexible, modular, and compliant stablecoin infrastructure available. The company is also investing in hiring across engineering, commercial, and compliance teams; helping existing partners scale programs; and entering into new markets where enterprises are embracing stablecoin-based payment workflows.

Read original press release here: https://www.prnewswire.com/news-releases/rain-raises-58m-series-b-led-by-sapphire-ventures-to-become-the-enterprise-stablecoin-platform-of-record-302540587.html?tc=eml_cleartime

Offramp becomes first partner to offer USD+ accounts with integrated Rain-issued cards

Rain, the enterprise-grade infrastructure for stablecoin-powered payments, today announced native support for USD+, a yield-bearing stablecoin issued by Dinari, the leading provider of tokenized U.S. public securities. With this integration, Rain’s partners—including Offramp—can now offer customers outside of the United States the ability to hold USD+ and use it globally through Rain-issued cards.

USD+ is backed 1:1 by U.S. Treasuries and cash equivalents and currently yields approximately 5% APY. It enables users to earn while they hold, creating a radically better financial experience for those in regions where traditional dollar accounts are inaccessible or underwhelming.

Through Rain’s API, partners can now offer users digital dollar accounts that automatically earn yield, without requiring minimum balances, foreign bank accounts, or complex investment products. These balances are instantly spendable anywhere Visa is accepted—turning idle funds into an income-generating, global payment source.

Offramp, a global neobank with a focus in emerging markets such as LATAM, is the first to roll out this capability. Users of Offramp located outside of the United States can hold USD+ in their accounts, earn daily yield, and use that balance for purchases around the world with their Offramp card and invest in tokenized equities through Dinari’s dShares™.

“From the very beginning, we designed Rain’s technology to be token-agnostic, stablecoin-native, and built to evolve as the asset landscape expands. Our ability to seamlessly extend support to USD+ exemplifies the strength of our platform,” said Charles Yoo-Naut, CTO & Co-Founder at Rain. “By supporting USD+, we’re giving partners like Offramp the ability to launch products that are both financially compelling and frictionless.”

USD+ is issued and settled on the Dinari Financial Network, which also powers dShares™—Dinari’s fully-backed, compliant tokenized equities. These building blocks enable neobanks, brokers, and fintechs to offer their customers regulated access to U.S. financial products that were previously out of reach.

“Rain’s integration of USD+ proves our infrastructure powers both yield-bearing stablecoins and tokenized equities for partners,” said Gabe Otte, Co-Founder & CEO of Dinari. “Our mission is to democratize access to U.S. dollars and equities globally. With Rain, fintechs can now put those dollars directly into users’ hands, where they can grow and remain spendable.”

“We’re excited to deepen our partnership with Rain and Dinari as the first launch partner for USD+. Through Rain’s support for USD+, we’ll be able to unlock the true potential of stablecoins for users in emerging markets by combining spendability with yield generation,” said Luc Loja, CEO & Founder of Offramp. “This is a historic milestone in stablecoin innovation.”

Dinari Inc. is a Registered Transfer Agent with the United States Securities & Exchange Commission (Section 17A(c)). Dinari dShares are not currently available in the United States and certain jurisdictions as limited by law.

While progress on a U.S. central bank digital currency has ground to a halt, government involvement in cryptocurrency has not disappeared entirely.

The Wyoming Stable Token Commission this week launched the Frontier Stable Token (FRNT), a state-issued, dollar-pegged stablecoin that is designed for what it calls "real-world" transactions.

The commission partnered with Ava Labs' Avalanche, a blockchain platform that supports decentralized applications and smart contracts; and Rain, a global card issuing platform designed for stablecoins.

"FRNT will make government processes more efficient," Anthony Apollo, executive director of the Wyoming Stable Token Commission, told American Banker, noting disaster recovery funding, disbursements and resource management can be improved, along with more funding for the state's schools and other initiatives.

The state's stablecoin comes as dozens of banks, fintechs and retailers consider launching a stablecoin in the wake of the Genius Act's passage. But while most of these moves are exploratory, Wyoming is an early mover in actual issuance, and its new stablecoin embeds the state deeper into not only cryptocurrency, but also the broader digital payments market.

"Wyoming launching its own dollar stablecoin is a watershed in several respects, which raises major public policy issues. It's the first public entity to launch a dollar stablecoin," Eric Grover, a principal at Intrepid Ventures, told American Banker.

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What is Wyoming's stablecoin?‍

FRNT is backed by short-duration U.S. Treasury bills and U.S. dollars, with a 102% reserve as required by the Wyoming Stable Token Act, an enabling state law that passed in 2023, two years before the federal stablecoin-focused Genius Act. One of FRNT's partners, Rain, in May joined Visa's stablecoin settlement project, and is the issuer of FRNT's physical card, which can be used to make payments within Visa's merchant network. FRNT also supports Apple Pay and Google Pay.

Other FRNT participants include LayerZero, which supports token issuance; Fireblocks'  blockchain infrastructure; Franklin Advisers to manage FRNT's reserves; Inca Digital, which will supply for open-source technology; and The Network Firm, which will perform for audits and monthly attestations, or the statement that reports a stablecoin's backing assets.

In testing, FRNT supported contractor disbursements through Hashfire, a Wyoming-based company that converts contracts into digital assets to speed payments. These payments executed in a "few seconds," according to FRNT's release, which positions FRNT as an option for government-to-business payments.

FRNT's issuers say tax refunds, social benefits and other government payments can be put "on chain," creating speed and efficiency, contending it can be a model for other states.

Wyoming's stablecoin has been deployed on the Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana blockchains.

FRNT is available to users outside of Wyoming, and the stablecoin will have its use cases broadened in the future to potentially include remittances and other transfers, Apollo said.

The state Commission said it does not anticipate selling FRNT directly to the public but will make it available for purchase through a network of authorized resellers that the commission will vet through a "Know Your Business" review.

FRNT can generate revenue through interest earned on its reserves (held in cash and short-term U.S. Treasury bills), Morgan Krupetsky, vice president of onchain finance at Ava Labs, told American Banker in an email, adding this income can support the Wyoming School Foundation program along with other Wyoming programs.  

In addition to direct interest income, Wyoming can potentially reap broader economic benefits from FRNT, including diversified revenue streams, Krupetsky said. "FRNT offers a potential source of revenue beyond the state's traditional energy and tourism sectors."

Wyoming has long been a crypto-forward state politically, passing more than three-dozen laws in recent years that give regulatory support for custody, licensing, consumer protections and charters for crypto banks.

"Wyoming's efforts in blockchain and digital asset regulation, including FRNT, are intended to attract businesses and professionals in fintech and related fields, such as artificial intelligence and energy," Krupestky said. "FRNT can encourage the development of new payment systems and DeFi applications built on its infrastructure."

FRNT puts a state's imprimatur on dollar stablecoins, Grover said.

"The state also hopes to make money on its overcollateralized stablecoin. Presumably, it'll try to spur adoption by paying vendors with FRNT," Grover said. "Providing for widespread interoperability over multiple blockchains will give it a better shot at achieving widespread use."

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Is FRNT a state CBDC?

FRNT enters a rapidly growing stablecoin market. The U.S. Treasury projects the stablecion market may pass $2 trillion by 2028, up dramatically from its current level of about $260 billion.

Crypto-focused companies such as Tether and Circle have dominated that market thus far, but there's an expectation that more financial institutions and other firms will issue stablecoins in the coming years.

"Will other states issue stablecoins? And what are their goals?" Gareth Lodge, a senior analyst at Celent, told American Banker. "Many of the states argued hard against CBDCs, yet FRNT looks very like a CBDC."

Apollo said that while he understands the comparison to a CBDC, there are differences. "What we're doing is almost 'anti CBDC,'" he said, noting Wyoming does not have a central bank and is not issuing digital dollars without backing it with reserves. "We're not conjuring dollars out of the ether." There are also privacy protections for FRNB, Apollo said. Some of the criticisms of a CBDC included the fear that it could be used for surveillance. Wyoming's laws ensure protection of the private user keys on the blockchain, Apollo said.

FRNB is a public option in a crowded market. There's already a fast-expanding roster of nonbanks and banks innovating and competing in dollar stablecoins, Grover said.

"Today, while the Fed issues cash- distributed by banks, and electronic dollars for banks, most money used by consumers and businesses is issued by commercial banks," Grover said.

Wyoming's token also acts as a payment system, Grover said. "While the Fed runs several interbank payment systems competing with bank cooperative TCH, the private sector runs most of our payment systems, through Visa, Mastercard, American Express, Discover, Zelle, PayPal, Venmo, Cash App, and others."

This article originally appeared in American Banker.

Frontier Stable Token (FRNT) Debuts Rain-Issued Card on Avalanche For Everyday Stablecoin Spending

Announced at SALT’s Wyoming Blockchain Symposium, FRNT is Wyoming’s production-grade, dollar-pegged digital asset built on Avalanche and now available to use via Rain’s Visa-integrated platform, signaling a new era of programmable commerce.

The Wyoming Stable Token Commission, in collaboration with Avalanche and Rain, today unveiled the mainnet launch of the Frontier Stable Token (FRNT), the first state-issued, dollar-pegged stablecoin that can be used instantly for real-world transactions via Rain’s Visa-integrated card platform. Debuting on the heels of the GENIUS Act at the SALT Wyoming Blockchain Symposium, this milestone marks the first use case of a production-grade government-issued digital asset on a public blockchain, transforming programmable commerce from policy vision into everyday reality.

Mandated by the Wyoming Stable Token Act, FRNT is a fully-collateralized digital token backed by short-duration U.S. Treasury bills and U.S. dollars, with a statutorily-mandated 102% reserve requirement. Built on Avalanche for its sub-second finality, low transaction fees, and institutional ecosystem, FRNT is designed to meet both enterprise- and citizen-level payment needs.

Through Rain’s stablecoin infrastructure, FRNT will be usable anywhere Visa is accepted–including through Apple Pay, Google Pay, and physical cards–marking a historic first for a U.S. state-issued digital asset. The Rain-issued card represents the first live, in-production use case for FRNT, marking the token’s transition from controlled testnet environments into full-scale, real-world deployment, powered by Avalanche.

“While Wyoming has been the leading state for cryptocurrency, blockchain, and digital assets legislation for nearly a decade, the issuance of FRNT signals a paradigm shift,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission. “In addition to regulation, public entities now have a model for innovation that can make government processes significantly more efficient. From paying vendors in seconds to enabling tax refunds and social benefits on-chain, FRNT brings state action into the programmable era.”

FRNT is already exhibiting transformational public sector utility. In July 2025, Wyoming demonstrated real-time contractor payments using FRNT via Hashfire, a Wyoming-domiciled company and Codebase-winning protocol built on Avalanche. By automating contract execution and stablecoin disbursement, the pilot reduced payment timelines from 45 days to seconds (a 99.99995% efficiency gain), setting a new bar for government-to-businesses (G2B) payments and financial transparency.

FRNT is a blueprint for collaboration between public entities and private industry by combining legal oversight from the Wyoming Stable Token Commission, high-speed and regulatory-compliant infrastructure from Avalanche, and fintech integration from Rain. By proving viability at the state level, Wyoming’s blueprint invites replication by other U.S. states seeking faster payments, revenue diversification, and modernization of public finance.

“The launch of FRNT marks the first in-production use case of a state-issued stablecoin in the United States, proving blockchain-powered government can be efficient, transparent, and designed for public good,” said John Wu, President of Ava Labs. “By launching natively on Avalanche, FRNT combines legal accountability with sub-second finality, low fees, and seamless interoperability – all essential ingredients for blockchain to deliver real economic utility. We’re excited to be a part of this historic financial innovation.”

With over 45 blockchain laws passed since 2016, Wyoming continues to lead national policy on digital assets and is exploring exporting its model to other states and international partners. FRNT is built for cross-chain interoperability, DeFi integration, and future government-to-citizen use cases, including benefits, tax refunds, and real-time aid.

“Today’s launch is a powerful example of Rain’s mission in action. We build financial infrastructure that makes stablecoins like FRNT instantly usable anywhere in the world,” said Farooq Malik, CEO & Co-founder of Rain. “It’s an honor to work with pioneering agencies like the Wyoming Stable Token Commission to turn bold ideas into real-world impact.”

To learn more about FRNT, please visit the Wyoming Stable Token Commission Site.

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About Wyoming Stable Token Commission

Established in March 2023 under the Wyoming Stable Token Act, the Commission is tasked with issuing fully-backed stablecoins that align with state laws and fiscal responsibility. Its mission is to enhance financial transparency while driving economic growth through blockchain innovation.

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About Rain

Rain is a global card issuing and payments platform powered by stablecoins. As a Visa Principal Member, Rain enables partners to launch branded card programs quickly and compliantly—without relying on third-party banks or fragmented infrastructure. Rain’s developer-friendly API offers a fully customizable, full-stack issuance solution that supports both custodial and non-custodial wallets and operates natively across multiple blockchain networks. Rain-issued cards are accepted at over 150 million merchants worldwide, making digital assets instantly usable anywhere Visa is accepted. Trusted by industry leaders, Rain is rebuilding essential financial infrastructure to allow money to flow more efficiently across the globe.

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About Avalanche 

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future. 

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

In a world obsessed with mobile payments and digital wallets, it might surprise you to learn that 65% of consumer payments in North America still happen with a physical card. Turns out, what’s in your wallet still matters. Physical cards aren’t just holding their ground—they’re winning trust, delivering reliability, and stepping in when phones glitch, batteries die, or Wi-Fi ghosts you at checkout.

So why double down on plastic in a pixel-obsessed world? Because the right card in the right hands can deliver real-world value, drive revenue, and put your brand in motion:

1. Your Brand, in Their Hands: A physical card puts your brand in wallets, pockets, and daily routines. Whether it’s swiped at the café or tapped at the airport, every transaction becomes a brand moment.
2. Stand Out by Design: In a sea of sameness, a well-designed card (think metal, translucent, or even glow-in-the-dark) becomes a conversation starter and a signal that your brand means business.
3. Earn While You Issue: If you charge a fee for physical cards, you open a new revenue stream. Physical cards don’t just enhance the user experience—they boost your bottom line.
4. Loyalty You Can Feel: Perks and rewards hit differently when they’re tied to something tangible. Physical cards help deepen emotional loyalty and keep users coming back for more.
5. Turn Digital into Real-world Utility: For crypto-backed programs, a physical card bridges the gap between onchain assets and real-world purchases. It makes abstract value feel usable, familiar, and, frankly, exciting.

Options that fit your flow

When done right, physical cards are strategic assets. At Rain, we make it simple to design and launch card programs that shine in the real world. Our full-stack platform gives you end-to-end control, and we even integrate with top-tier card manufacturers, like Arculus® by CompoSecure, to help your card stand out.

These partners bring creativity and craftsmanship to physical cards, offering standout materials such as metal, transparent elements, or even illuminated cards. Premium metal cards, in particular, stand out as a favorite, with 70% of customers saying they’d prefer metal over plastic if all benefits were equal.

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Whether you’re sprinting to launch or investing in a fully custom experience, Rain offers three flexible options:

Generic cards: Generic cards are white, unbranded cards that are ready to go, no design or customization needed.

1. Timeline: Looking to launch immediately
2. Best for: Running a small pilot, issuing fewer than 1,000 cards.

Semi-custom cards: Semi-custom cards allow you to add your logo to the front of the generic white card. Custom shipping carriers can also be set up for an additional branded touch.

1. Timeline: ~4 weeks for logo customization; 2–3 weeks for branded carriers (which can be done in-parallel with logo customization).
2. Best for: Quick launches with a light brand layer, small-to-medium card quantities.

Custom cards: For companies where physical cards are a key part of the brand experience, fully custom cards provide the highest degree of control and polish. You can customize everything, from front and back design to materials (like metal or glass) and even the shipping experience. Premium metal cards have been shown to create the most impact and often become top of wallet, making them a proven driver of loyalty and usage.

1. Timeline: A few weeks for design and up to 2–3 months or longer for manufacturing, depending on complexity.
2. Best for: Programs with large-scale volume goals and strong brand integration.

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The path to physical

Custom cards offer the highest level of personalization, but they also require a more involved process. Here's a step-by-step look at what you can expect when launching a fully custom physical card with Rain:

1. Design (2 weeks): Upload your custom design, get feedback, and lock in materials and quantities with the manufacturer. 
2. Proofing (2 weeks): Your design is turned into a full spec proof (including artwork, material selections, and card specs) and submitted to you and Visa simultaneously for review. 
3. Approval (2 weeks): You’ll review everything, request tweaks, and then greenlight production. 
4. Manufacturing (10+ weeks): The manufactures get to work (note: custom materials like metal or glass may extend timelines further). 
5. Testing (2 weeks): Cards are sent to the personalization site for functional testing to make sure it’s ready for real-world use.
6. Go live (1 week after testing): Your cards ship and your users start flexing your brand.

Physical cards bridge the gap between digital innovation and tangible brand presence. Rain makes it easy to launch, scale, and stand out. If you’re ready to put your card program in motion, we’re ready to help you make it rain—one swipe at a time.

Let’s talk.

Stablecoins have opened the door to programmable money. But using that value in daily life—whether for purchases, payouts, or subscriptions—still requires an invisible layer of infrastructure that can connect digital assets to the real world.

At Rain, we build that infrastructure. And we’re excited to partner with Rizon, a new digital finance platform helping users activate their stablecoin balances across the Visa network. 

Through this partnership, Rizon is launching a card product that allows users to access the value of their USDC holdings anywhere Visa is accepted. Behind the scenes, Rain provides the full stack: card issuance, transaction routing, real-time conversion, and onchain settlement.

This is exactly the kind of use case we’re here to enable—giving developers the tools to build consumer-facing products without having to manage banking relationships, compliance complexity, or FX operations.

Here’s what happens when a Rizon user taps their card:

• The transaction is routed through Visa’s network to Rain.
• Rain verifies the cardholder and authorizes the transaction.
• The merchant is paid out by Visa in local fiat.
• Rain handles payments from Rizon Cardholders.
• Rain settles daily onchain with Visa in USDC. 

It all happens in the background, in a matter of milliseconds—allowing users to activate their digital dollars globally with no added friction.

Rizon joins a growing set of developers and fintechs using Rain to go to market faster with crypto-enabled financial products. Because we provide everything from BIN sponsorship to transaction monitoring to regulatory localization, Rizon can focus on product and user experience while Rain handles the heavy lifting behind the curtain.

Whether users are transacting online in the U.S. or withdrawing local currency at an ATM in Mexico, the infrastructure adapts to support fast, compliant, real-time flows.

This latest launch is a clear example of how programmable finance moves from concept to reality. When builders have access to compliant, developer-first infrastructure, stablecoins don’t just sit idle in wallets—they become tools for global commerce, payouts, and access.

We're proud to support Rizon in launching a cross-border product that puts stablecoins to work—backed by Rain’s infrastructure and Visa’s global reach.

If you’re building financial products that require seamless utilization, localized card issuance, or programmable payment flows, we’d love to talk.

Certification deepens enterprise-grade trust by building on Rain’s SOC 2 certification and ongoing smart contract audits by Sherlock

Rain, the global card issuing and payments platform powered by stablecoins, today announced that it has achieved compliance with the Payment Card Industry Data Security Standard (PCI DSS). This milestone reinforces Rain's commitment to compliance and security, giving partners confidence that their card programs are built on infrastructure that meets the highest standards.

PCI DSS is a globally recognized standard that mandates rigorous security controls for organizations that handle payment card data. Rain's compliance with this standard ensures that its infrastructure meets the highest levels of security, safeguarding sensitive payment information and reinforcing trust with partners and users alike.

"Achieving PCI DSS compliance is a testament to our dedication to building secure, compliant, and scalable payment solutions," said Christopher Grieco, General Counsel & Chief Compliance Officer at Rain. "This accomplishment complements our SOC 2 certification and the ongoing audits of our smart contracts by Sherlock, highlighting our holistic approach to security and compliance."

Rain is a full-stack, developer-friendly card issuance and payments platform. As a Visa Principal Member, Rain enables programs to launch in weeks—not months—without unnecessary middlemen or fragmented infrastructure. Enterprise institutions, fintechs, and crypto-native platforms rely on Rain’s speed, flexibility, and compliance-first approach to power millions of transactions in over 150 countries annually.

"Our enterprise clients demand the highest standards of security and compliance," said Farooq Malik, CEO & Co-founder of Rain. "With PCI DSS compliance, we're not just meeting those expectations, but exceeding them to ensure our partners can confidently scale their card programs globally.”

Read original press release here: https://www.prnewswire.com/news-releases/rain-achieves-pci-dss-compliance-reinforcing-commitment-to-secure-compliant-stablecoin-infrastructure-302506823.html?tc=eml_cleartime

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.
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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. 
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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.
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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.

Integration enables compliant, stablecoin-based payroll and expands the capability for earned wage access and global card spending

Rain, the global card issuing and payments platform built for stablecoins, today announced a partnership with Toku, a leader in compliant token and stablecoin compensation, to launch the first real-time, compliant stablecoin payroll system for global teams.

The integration enables employers to fund and settle payroll instantly in stablecoins—compliantly and at scale—across more than 100 jurisdictions. Rain’s programmable payment rails connect directly to Toku’s employment and tax compliance infrastructure, streamlining payroll operations for modern, distributed workforces.

“Payroll has remained one of the last major financial flows stuck in outdated systems,” said Farooq Malik, CEO and Co-founder of Rain. “By combining Rain’s onchain infrastructure with Toku’s compliance expertise, we’re bringing the benefits of stablecoins to the most important payment of all: your paycheck.”

This integrated solution offers:

• Compliant, cross-border payroll: Toku calculates net pay, manages tax withholding, and ensures labor law compliance in 100+ jurisdictions—supporting payouts in stablecoins like USDG, USDC, and RLUSD, using platforms employers already trust (e.g., ADP, Workday, Gusto).
• Real-time, onchain settlement: Rain’s infrastructure eliminates legacy bottlenecks by routing funds directly to wallets, custodians, or digital asset accounts, which reduces friction, delays, and costs.
• Earned wage access with global utility: Paychecks settle directly to worker-controlled wallets with full transparency and speed, supporting earned wage access and real world usage via Rain-issued cards accepted at over 150 million merchants worldwide.

“Fiat payroll still moves on rails built in the 1970s. Stablecoin payroll has the ability to unleash a fundamental restructuring of corporate cash management,” said Ken O’Friel, CEO and Co-founder of Toku. “We’re excited to be working with Rain and making stablecoin payroll not just possible, but seamless, scalable, and compliant by default.”

This collaboration comes as stablecoins gain regulatory momentum—bolstered by the GENIUS Act—and as more enterprises seek to integrate digital asset infrastructure into their core financial operations. Together, Rain and Toku are delivering the technology, compliance, and reach required to modernize payroll for a global workforce.

Read original press release here: https://www.prnewswire.com/news-releases/rain-and-toku-partner-to-launch-real-time-stablecoin-payroll-infrastructure-302491648.html

When ether.fi tapped Rain to launch Cash, a non-custodial, cash-back credit card program for crypto users, they had the vision of making digital assets easy to use in daily life. Just a few weeks later, that vision became reality, with ether.fi’s program surpassing $1 million in transaction volume. We sat down with ether.fi CEO and founder, Mike Silagadze, to unpack how they achieved such fast traction, and what other partners can learn from their approach.

Note: Interview has been lightly edited for clarity.

For those who may not be familiar, tell us a bit about ether.fi and your broader mission?
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Mike Silagadze: ether.fi is building what we call a DeFi bank. So, it is not a traditional bank, but it is a full end-to-end alternative to traditional banking for normal people.

The idea is that you should be able to save your money, be able to deploy that money, invest it in DeFi, and then be able to actually spend that money in real life using our card program.

By offering these services in a way that is non-custodial, in other words, crypto-native, we create a product that really allows people to fully get off of traditional finance and embrace DeFi and all the benefits that it offers.

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What was the motivation behind launching a card program?
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Mike: We launched a card program because it really is an integral component to giving people an alternative to traditional finance. You could think of it as the last mile of TradFi rails.

A typical crypto user usually starts doing some things within DeFi, hopefully the value goes up and they do well. And then they have to figure out how to off-ramp that money. Maybe they send it to an exchange, sell it for fiat, then transfer it to maybe a custodian, then finally it makes its way to their traditional bank account. Then maybe they can use a card or however they want to spend that money.

It's a process that is cumbersome. It takes a day, multiple days sometimes. It can cost tens or hundreds of dollars depending on a bunch of different factors.

So having a direct, easily integrated card right into your DeFi account—your non-custodial account—lets you actually use your crypto day-to-day in real life.

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Why did you choose Rain as your card program partner?
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Mike: We chose Rain to power our card program for number of different factors:

1. Ability to launch & scale quickly: Rain was super responsive and willing to work fast—at the pace of our startup. Without naming any other folks that we looked at, the timelines that we got were somewhere on the order of three to six months to get a new card program up and running. Whereas with Rain, we were able to get up and running in a matter of weeks. That was incredibly important.

2. Proactive customer support: The Rain team was accessible. We were able to talk to everybody all the way up to the founders. It was great to have that level of customer care and communication.

3. Flexible, modern API infrastructure: Rain’s API and actual product was great. And the deal terms were really favorable.

4. Stablecoin-powered solution: Finally, it's worth mentioning that being able to settle in stablecoins was huge for us. This program is specifically designed for users that have assets onchain, and so not having to deal with the fiat off-ramp in order to be able to settle the accounts was really valuable.

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What did you do to make the launch so successful?
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Mike: There were a number of things that we had to do in order to have a successful launch and just get the card out there:

1. Use earned media to get the word out: As a starting point ether.fi had an unfair advantage because we have previously launched a number of other products. We had our staking product, and then we had our liquid product with the DeFi strategy vaults. And those products all had hundreds of thousands of customers and pretty well-regarded brands in the crypto and DeFi space. So, that just gave us a leg up. As a result, we were actually able to get a ton of earned media. We got coverage in pretty much every major crypto media publication with respect to the launch. And we got on a number of really solid podcasts. 

2. Tap into influential investors and advisors: We also had a couple of our investors, including folks like Arthur Hayes, talk about the card that we launched. So, a lot of our strategy focused on this kind of organic go-to-market, which ended up being very successful.

3. Offer sign-up incentives: Shortly after the initial release, we launched an incentive program where we allocated some number of ETHFI—our governance token—to incentivize getting people signed up early. 

4. Encourage spend with perks and rewards: Very shortly, we're going to be rolling out an integration that was just announced around travel bookings. So you'll be able to—as part of the ether.fi DeFi Bank offering—log in, book your hotel and eventually flights, get 5% cashback on all of it, in addition to getting prices that are just wildly good. It's almost hard to believe it. Then today actually, we're rolling out a referral program for our users where you'll be able to refer a friend and get cashback on all of their spending.

As stablecoins approach a $250 billion market cap, their role in everyday financial activity is becoming more significant. Spritz saw an opportunity to make their members’ digital assets more usable in daily life by creating a card experience that meets the expectations of crypto-native users—instantly accessible, flexible, and easy to use. To bring this vision to life, they needed secure, compliant, and scalable infrastructure that could support global transactions, wallet connectivity, and seamless real-time access to crypto balances.

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The solution

Spritz partnered with Rain to launch the Spritz Card, a Visa Signature card that brings a frictionless crypto-usage experience directly to users' wallets. Leveraging Rain’s robust and security-first payment infrastructure, the Spritz Card enables users to fund their virtual cards instantly, with no staking, lockups, or delays.

Key features include:

• Instant Wallet-to-Card Funding: Users can instantly collateralize their Spritz Card from thousands of supported crypto assets, directly from their personal wallets.
  
• Global Spending with Visa Signature: The Spritz Card can be used globally at any merchant accepting Visa, available online, in-store via Apple Pay and Google Pay, and soon at ATMs.
  
• Multi-chain Compatibility: Rain’s infrastructure powers transactions seamlessly across multiple blockchains.
  
• Security-First Design: Integrated 3D Secure protection ensures safe transactions, backed by Rain’s compliance and security protocols.
  
• Visa Signature Benefits: Users enjoy premium benefits like lounge access, concierge services, extended warranties, and more.
  

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The results

The collaboration between Spritz and Rain sets a new standard for crypto-native card products, blending crypto and traditional finance with ease:

• Frictionless User Experience: Users enjoy immediate access to their crypto funds for real-world usage, eliminating traditional pain points like staking requirements, locked funds, and delays.
  
• Mainstream Crypto Usability: The Spritz Card demonstrates real-world utility for stablecoins and other crypto assets, enabling everyday transactions and subscriptions with familiar payment methods.
  
• Positioned for Mass Adoption: By leveraging Rain’s scalable and secure infrastructure, Spritz is positioned for rapid growth, seamlessly handling increased user adoption and transaction volumes.
  
• Enhanced Consumer Trust: Spritz offers a truly crypto-native usage solution without sacrificing security or convenience, enhancing trust among crypto consumers and mainstream adopters alike.
  

“Partnering with Rain enabled us to rethink the crypto card experience, eliminating friction and prioritizing instant access and usability. Together, we've created a product that meets the needs of crypto users and truly brings stablecoins into everyday life.” – Chris Sheehan, CEO of Spritz

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Conclusion

Powered by Rain’s compliant, secure, and scalable spend infrastructure, Spritz has successfully launched a next-generation crypto card solution that delivers true liquidity, convenience, and global usability for crypto-native consumers. This partnership marks a leap forward in mainstream crypto adoption, demonstrating the practical, everyday value of stablecoins and multi-chain crypto spending.

New integrations expand Rain’s multi-chain support, enabling partners to easily launch stablecoin-powered card programs across even more blockchains simultaneously

Rain, the global card issuing platform powered by stablecoins, today announced native support for Solana and Stellar, expanding its mission to build modern financial infrastructure that is more accessible, programmable, and global. With these integrations, Rain enables partners built on top of Solana’s high-throughput infrastructure, and Stellar’s remittance-oriented network to quickly launch compliant card programs and bring stablecoin utility to real-world payments, including consumer and B2B spending, cross-border disbursements, and platform payouts.

Rain is the only Visa Principal Member that allows partners to deploy and manage programs across multiple blockchains simultaneously. This capability is available out of the box, supporting both custodial and non-custodial wallets. It dramatically simplifies how exchanges, fintechs, neobanks, and platforms issue cards that work globally—instantly enabling stablecoins to be used at over 150 million merchants that accept Visa.

“Quickly developing solutions that meet our partners’ needs is all part of Rain’s commitment to building financial infrastructure that is more global, open, and efficient,” said Charles Yoo-Naut, CTO and Co-founder of Rain. “By offering native support for Solana and Stellar, we’re introducing our solution to even more ecosystems, allowing partners to build scalable, stablecoin-powered card programs that make payments better for everyone.”

One example is KAST, a neobank app built on Solana that works with Rain to offer branded cards that let users spend stablecoins natively from their wallets. With its fast, low-cost architecture, Solana allows KAST to build seamless, real-time payment experiences for its growing user base across global markets.

These new integrations come in response to rising demand from platforms seeking to enable seamless stablecoin-linked spending and expand card access across ecosystems. Rain already supports Arbitrum, Optimism, and Polygon, and this expansion reinforces Rain’s leadership in offering multi-chain, stablecoin-native card infrastructure.

Rain recently raised a $24.5 million Series A round in March. Today’s announcement marks another step in Rain’s rapid growth and commitment to deploying capital to support new partners, scale its global footprint, and meet the accelerating demand for programmable payments worldwide.

Read original press release here: https://www.prnewswire.com/news-releases/rain-expands-support-to-solana-tron-and-stellar-enabling-more-partners-to-launch-stablecoin-powered-card-programs-302467576.html

‍Today, Rain announced it has joined Visa’s pilot program for stablecoin settlement. Rain has fully tokenized its credit card receivables and has transitioned all settlement transactions for its Visa cards to USDC, to now be able to settle with Visa 7 days a week, 365 days a year.

Rain provides backend infrastructure – APIs, compliance layers and settlement logic – that enables fintechs and wallets to build and launch stablecoin-linked card programs. As demand for real time, global payments grow, Rain is seeing strong momentum from partners looking to issue and use onchain cards and settle in stablecoins.

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7 day stablecoin settlement

Rain’s proprietary settlement stack brings all authorization logic and settlement onchain. Rain’s technology stack allows for card transactions on the Visa network to be interoperable with stablecoins across multiple blockchains. When a user makes a payment with a Rain-issued Visa card, Visa settles with the merchant acquirer as usual. Rain is programmatically leveraging stablecoins enabling network settlement 7 days a week, 365 days a year.  

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Tokenized credit card receivables

Rain’s platform has also fully tokenized its credit card receivables, enabling more efficient capital management and transparency across the system. These capabilities help fintechs go to market faster with new products. While giving consumers access to digital-first globally interoperable payment experiences.

Rain is also proud to announce a world first: closed loop credit card receivable financing utilizing stablecoins. Rain works with a network of capital partners - borrowing stablecoins to facilitate network settlement for credit card receivables. By borrowing from and programmatically repaying lenders Rain has been able to reduce the total cost of capital for consumer and b2b credit programs while providing lenders access to superior collateral and programmatic repayments powered by smart contracts. This powerful construct has the potential to unlock credit access for users in underdeveloped financial markets, all while unlocking significant operational and capital efficiencies for Rain and Rain powered programs.

"By participating in Visa’s USDC settlement program, we are now able to conduct settlement 7 days a week, 365 days a year, operating outside of traditional banking hours. USDC settlement allows us to be more capital efficient – helping to reduce the need for collateral while providing our counterparties the same level of protection. This sets a new standard for issuers and further enhances digital asset utility," said Farooq Malik, CEO & Co-founder of Rain.

"Moving money across borders has always been complex, but blockchain technology and stablecoins are helping change that,” said Rubail Birwadker, Head of Growth Products and Partnerships, Visa. “Our work with Rain to help bring payments onchain and enable seven-day settlement is a big step toward helping to simplify global payments.”

This is just the beginning. Rain continues to explore new ways to enhance the utility of stablecoins, such as its asset-agnostic settlement stack and blockchain permissioning, which together enable credit to exist entirely onchain. Rain is paving the way for a more efficient, transparent, and accessible financial ecosystem that reduces working capital, reduces fraud, and drives improvements in operational outcomes.

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Visa Principal Membership‍

A Visa principal member, Rain enables seamless payment solutions at more than 150 million Visa-accepting merchant locations worldwide. By utilizing stablecoins for automated daily settlement with the Visa network, Rain is doubling down on its mission to integrate blockchain technology with traditional financial systems, making digital assets seamlessly interoperable for everyday use cases.

Traditional business banking infrastructure is slow to adapt to the needs of digital-first companies. For startups and enterprises operating in the digital asset economy, challenges like complex fund flows, limited on and off ramps, and inflexible spend controls hinder efficiency and growth. Dakota, a modern banking platform for businesses, saw an opportunity to solve this by combining the best of traditional finance with stablecoin products, including corporate cards. However, to deliver on this vision, they needed a compliant, secure, and scalable infrastructure partner.

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The solution

Dakota partnered with Rain to launch a B2B corporate card program, powered by preloaded balances using their own stablecoin and issued through Rain’s robust spend infrastructure. Dakota enables businesses to unlock seamless expense management and faster access to capital. Key features of the partnership include:

• Stablecoin-Powered Corporate Cards: Businesses can issue physical or virtual cards to their teams, with full control over spend policies and permissions.
• Custody and Flow of Funds: Rain provides a compliant foundation while Dakota focuses on delivering an exceptional user experience.
• Built on Base: Transactions settle on Base, optimizing for speed and cost while integrating with the broader onchain economy.
• Branded: Dakota uses a fully customized version of Rain Spend, reflecting their brand and mission of building modern banking tools for the digital age.
• Scalable B2B Infrastructure: With Rain, Dakota has the backend infrastructure to serve an expanding base of global businesses.

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The results

The Dakota and Rain collaboration is helping redefine what business banking looks like in a modern world:

• Simplified expense management: Businesses using Dakota enjoy faster, easier access to working capital with cards that fit seamlessly into modern workflows.
• Stablecoin utility in action: The Rain-powered card product demonstrates a tangible use case for stablecoins in everyday operations, offering speed, security, and predictability.
• Positioned for scale: With Rain handling the core infrastructure, Dakota can focus on acquiring new business customers and scaling up quickly without the burden of managing complex compliance or payment systems.
• Advancing the mission: Dakota is delivering on its promise to offer banking for the digital age – safe, fast, global, and crypto-native – starting with a better way to spend.

“Partnering with Rain enabled us to move fast and bring a card product to market for businesses. Their infrastructure handles the complexities so we can focus on building the future of banking,” said Ryan Bozarth, CEO of Dakota.

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Conclusion

With Rain’s modern card issuance and spend infrastructure, Dakota is proving how stablecoins can power the next wave of financial tools for businesses. The partnership sets the stage for a broader shift to digital-first banking, helping companies operate with more speed, clarity, and control in a globalized economy.

Rain, the global card issuing platform powered by stablecoins, announced $24.5 million in new funding led by Norwest Venture Partners. New investors joining the round included Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing investors Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital also participated. Rain also announced its principal membership with Visa, partnering with the network to build their issuance footprint in Europe while expanding their current issuance across the U.S. and Latin America. 

With its vertically integrated issuing stack and Visa principal membership, Rain is able to sponsor and operate card programs in many countries across the globe with transactions settling in stablecoins. Rain has grown more than 15x in the last twelve months, with transactions processed in over 100 countries.

“We have been serving large global businesses with our flexible issuing and stablecoin orchestration stack for the last several years. This new funding allows us to increase interoperability with existing rails, expand our footprint, and invest in our stablecoin authorization and settlement infrastructure that continues to unlock growth for our partners,” said Farooq Malik, CEO and co-founder of Rain.”

Rain has built the infrastructure for stablecoin interoperability across fiat rails, enabling businesses to issue B2B and consumer cards, with both physical and virtual options, linked directly to self-custody wallets, custodial solutions, or traditional fiat accounts. Card users don’t need to convert their crypto to pay with government-issued currency. Instead, Rain operates an omni-chain stack powering native settlement on multiple blockchain networks, including Base, Polygon, Optimism, Avalanche, Arbitrum, ZKsync, and Solana, to process stablecoin and floating-rate token settlement on a daily basis. 

As a Visa Principal Member, Rain enables partners with issuing on the Visa network. As a stablecoin native enabler on the Visa network, Rain clients can develop and operate new types of programs without dependencies on fiat payment rails. 

“Stablecoin adoption is accelerating as regulators have shown support and use cases have proliferated, and Rain is at the forefront of this paradigm shift,” said Parker Barrile, Partner at Norwest Venture Partners. “Rain’s card issuing platform combines fiat-grade compliance with the speed and flexibility of digital currency, and their traction with major financial institutions underscores their credibility, momentum, and market leadership.”

In recent years, LATAM has emerged as a vibrant hub for digital finance, with stablecoins playing a pivotal role in this transformation. Rain is committed to this evolution by enabling partners to onboard 600M+ people in LATAM with a single API connection, empowering businesses and individuals to utilize and spend stablecoins more effectively and seamlessly.

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The rise of stablecoins in LATAM

Stablecoins, digital assets pegged to stable reserves like the US dollar, have gained significant traction in the region. This surge is largely driven by economic challenges such as hyperinflation and currency volatility, prompting individuals and businesses to seek refuge in more stable financial instruments. According to Chainalysis, LATAM received nearly $415 billion in cryptocurrency between July 2023 and June 2024, accounting for 9.1% of global crypto activity.

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Rain's role in enhancing digital asset utility

Rain bridges the gap between digital assets and traditional financial systems by offering seamless conversion of stablecoins into local currencies, addressing challenges like high transaction fees and slow processing times. As an issuer with the Visa network, Rain enables the deployment of tailored card programs, allowing users to spend digital assets at over 100 million merchants worldwide. This integration enhances the utility of digital assets, making them more accessible for everyday transactions.

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Real-world applications and partnerships

Rain’s commitment to the region is demonstrated through strategic collaborations and practical applications:

• Takenos – Cross-border payments: Takenos is revolutionizing cross-border payments for individuals in LATAM, where accessing international earnings remains a challenge due to currency controls and high remittance fees. Through its partnership with Rain, Takenos launched TakeCard, a crypto-funded payment card that enables freelancers to receive payments in stablecoins, make international purchases, and withdraw funds in local currencies without conversion fees.
• Cadana – Financial access for emerging market workers: Cadana provides a secure and flexible payroll solution for remote workers and businesses in LATAM operating across borders. Through its partnership with Rain, Cadana has launched a virtual USD card program, allowing users to receive payments, transact online, and seamlessly participate in the global economy.
• Qash – US dollar stability to Latin America: Qash is democratizing access to the U.S. banking system, starting in Colombia. Built on blockchain and stablecoin technology, Qash provides Latin Americans with a seamless way to save, spend, and invest in digital dollars. Through its partnership with Rain and Visa, Qash has introduced the first blockchain-based Visa credit card in Colombia and the broader Andean region, allowing users to spend USDC stablecoins at retail locations in over 180 countries.
• Avalanche Card – Bridging crypto and traditional payments: In partnership with the Avalanche Foundation, Rain introduced the Avalanche Card, enabling users to spend cryptocurrencies like USDC, USDT, AVAX, and wAVAX anywhere Visa is accepted. This initiative enhances the real-world utility of digital assets, providing users in LATAM with flexibility and convenience in their financial transactions.
• Meru – Global financial tools: For freelancers, content creators, and remote workers in LATAM, managing international payments can be complex and costly. Meru simplifies this by providing a self-custodied USD account that enables users to receive salaries, withdraw earnings from platforms, and send payments to U.S. and European accounts. Through its partnership with Rain, Meru offers a Visa card that allows users to seamlessly spend their digital dollars online and in-person, bridging the gap between stablecoin earnings and everyday financial needs.

Through these strategic partnerships, Rain is actively contributing to the widespread adoption and practical application of stablecoins in LATAM, fostering a more inclusive and resilient financial ecosystem.

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The path forward

As digital asset adoption continues to rise in LATAM, Rain remains dedicated to supporting this financial evolution. By providing robust infrastructure and forming strategic partnerships, Rain aims to empower individuals and businesses to navigate the digital economy with confidence and ease.

Through these efforts, Rain envisions a future where financial systems are more inclusive, efficient, and resilient, driven by the transformative power of digital assets and blockchain technology.

The digital era has revolutionized how we work, shop, and manage our finances, with cross-border transactions becoming a key part of global connectivity. However, for many individuals in Latin America, accessing seamless international payment solutions remains a challenge. That’s where Takenos and Rain come in. Together, they are empowering users with TakeCard—a versatile solution designed for cross-border transactions.

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A partnership for cross-border financial freedom

Takenos, the Argentine platform founded in 2022, has rapidly gained popularity across Latin America, including in Argentina, Uruguay, and Mexico. Known for simplifying international payment processes, Takenos enables users to manage their global finances effectively. From opening virtual accounts in the U.S. to handling withdrawals in local currencies, dollars, and cryptocurrencies, Takenos has built a reputation for offering reliable, secure, and efficient payment solutions.

Rain, the innovative leader in digital asset authorization and settlement, has partnered with Takenos as the issuer of TakeCard. Together, the two companies have launched a card program tailored to the needs of cross-border users. The TakeCard allows individuals to fund their accounts with cryptocurrencies, receive payments in dollars, make international purchases, and manage subscriptions to popular services like Netflix and Spotify, all without the hassle of currency conversion fees.
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The impact of TakeCard

Latin Americans often face hurdles when trying to access or utilize their earnings and funds for international transactions. The TakeCard eliminates these challenges by providing a seamless solution for managing global finances. Users can fund their accounts with crypto, book travel, subscribe to digital platforms, and withdraw funds directly in their preferred currencies.

The partnership’s goal is to address a growing need in the market. According to the Ministry of Economy, more than 500,000 Argentinians are exporting their work abroad, with the U.S. and Europe as key markets. Takenos’ user base has already surpassed 10,000 registered users, and the launch of TakeCard will undoubtedly accelerate this growth.

“Our mission has always been to empower individuals by providing them with the tools they need to thrive internationally. Partnering with Rain allows us to extend our vision and give users the financial freedom they deserve. TakeCard is a solution to a persistent problem in the region,” says Lucas Posada, Co-founder of Takenos.

At Rain, trust and security are foundational to everything we do. Today, we're proud to announce that we've successfully attained compliance with the SOC 2 Framework, a milestone that shows our commitment to safeguarding customer data and maintaining the highest standards of operational integrity. This achievement reflects our dedication to delivering secure, reliable, and compliant solutions for our clients and partners.

Achieving SOC 2 Compliance represents rigorous adherence to a framework designed to ensure organizations securely manage data and systems, providing peace of mind to customers and stakeholders alike.

For Rain, this accomplishment is a validation of the principles that drive our business and our promise to keep security at the forefront. For our partners, this certification means working with a partner that prioritizes data protection, mitigates risks, and adheres to best practices.

Through a meticulous auditing process conducted by Insight Assurance, we validated our compliance with the requirements of SOC 2. This process involved a thorough review of our policies, procedures, and technical systems to ensure they met the highest standards of security, availability, and confidentiality.

Our compliance journey doesn’t end here. Security and trust are ongoing commitments, and we’ll continue to build on this foundation by staying ahead of emerging risks and evolving regulatory requirements. Rain remains dedicated to delivering secure, innovative solutions that empower businesses and individuals while ensuring their data is protected.

Rain has teamed up with Avalanche to launch the Avalanche Card, designed to bring the benefits of digital assets to real-world spending, wherever Visa is accepted. The waitlist opens up in late January, giving people their first opportunity to experience the benefits of the Avalanche Card.

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Crypto meets everyday spending

The Avalanche Card introduces a new era of flexibility for crypto holders, allowing them to effortlessly spend their digital assets—including USDC, USDT, WAVAX, and sAVAX—on everyday expenses or larger purchases. By eliminating the need to cash out or navigate multiple conversions, the card provides a seamless way to use crypto in the real world. Users can enjoy direct access to US dollars through stablecoins or conveniently tap into their AVAX holdings, making spending digital assets simpler than ever.

By enabling a broader reach for crypto, especially in regions where access to the US dollar is limited, the Avalanche Card could help individuals in Latin America and the Caribbean manage their finances with greater flexibility.

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Control over your own assets

At the heart of the Avalanche Card is a commitment to security and self-custody. Users hold full control over their funds, with a self-custody wallet that assigns unique addresses for each supported asset, ensuring that assets remain securely stored and completely under your own management. This level of control is a standout feature, allowing users to spend confidently without compromising on security or control.

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Spending freedom anywhere Visa is accepted

With the power of Visa’s global network, the Avalanche Card lets users tap into their crypto assets wherever Visa is accepted. From buying groceries and booking travel to online shopping, the card transforms digital assets into usable funds that fit into daily life. Designed to be as versatile as any other payment card, it bridges the gap between crypto and traditional finance, making it easy to spend crypto without extra steps.

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The future of spending crypto is here

The Avalanche Card is an important step toward making crypto a part of daily life, especially in regions where financial options are limited. It offers users access to stable, secure spending, plus the freedom to spend AVAX native assets directly. Available first across countries in Latin America and the Caribbean, the Avalanche Card expands financial access and provides users with control over their digital assets.

This card is just part of Rain’s mission to make digital assets as usable as any traditional currency. Sign up for the Avalanche Card today: https://www.avalanchecard.com/.

CompoSecure’s strategic investment in Rain advances payment innovation by enabling digital asset utility for everyday transactions.

At Rain, we’re proud to partner with industry leaders to bring innovations to digital payments and financial technology. One such collaboration is with Arculus by CompoSecure. Together, we’re working to advance the adoption and utility of digital assets in everyday transactions.

Earlier this year, CompoSecure announced its new Arculus Web3 payment capabilities, enabling seamless payments with stablecoins and digital currencies at traditional point-of-sale (PoS) terminals. Consumers can securely self-custody their digital assets and spend them with the ease of a simple tap-to-pay. This technology eliminates the challenges of off-ramping to fiat currencies, allowing merchants to accept payments directly in digital assets or through traditional payment rails with automatic fiat conversion.

The partnership has played a key role in accelerating the development and reach of these innovations. Earlier this year, Rain began working closely with CompoSecure, integrating its metal cards into our enterprise solutions. This collaboration has allowed us to offer a more premium card product to clients and leverage the extensive Arculus product suite.

Further, CompoSecure made a strategic investment in Rain, underscoring the focus to bridge the gap between traditional and blockchain-based financial systems. “Our partnership with Rain is a testament to the growing need for secure, innovative solutions that seamlessly integrate digital assets into everyday transactions,” said Adam Lowe, Chief Product and Innovation Officer at CompoSecure.

As both companies continue to push the boundaries of what’s possible in digital payments, we invite you to explore how our partnership can benefit your business. Whether you’re an enterprise seeking cutting-edge payment solutions or a stakeholder in the evolving Web3 landscape, the possibilities are limitless.