Introduction
Blockchain technology is revolutionizing everyday financial transactions, and Rain—a global card issuing platform for stablecoins—is leading this transformation in collaboration with Visa.
On May 1, 2025, Rain announced its participation in Visa’s pilot program for stablecoin settlement, marking a significant milestone in onchain finance.
Key Highlights
✅ Stablecoin-Powered Settlement: Rain now settles Visa card transactions in USDC, enabling 7-day-a-week, 365-day-a-year operations.
✅ Tokenized Credit Receivables: Rain has fully tokenized its credit card receivables, improving capital efficiency and transparency.
✅ Closed-Loop Financing: A world-first innovation using stablecoins to streamline credit card receivable financing.
How Rain’s Onchain Settlement Works
7-Day Stablecoin Settlement
Rain’s proprietary settlement stack integrates with Visa’s network, allowing transactions to be settled onchain in USDC.
- Instant Authorization: Transactions are processed seamlessly via smart contracts.
- Multi-Chain Interoperability: Supports stablecoins across multiple blockchains.
- 24/7 Settlement: Eliminates traditional banking hour restrictions.
Tokenized Credit Card Receivables
Rain’s platform tokenizes credit card receivables, unlocking:
- Efficient Capital Management
- Greater Transparency
- Faster Fintech Product Launches
Closed-Loop Financing with Stablecoins
Rain partners with lenders to borrow stablecoins, enabling:
- Lower Capital Costs for credit programs.
- Programmatic Repayments via smart contracts.
- Enhanced Credit Access in underserved markets.
Industry Perspectives
Farooq Malik (CEO, Rain):
"USDC settlement allows us to be more capital-efficient while maintaining counterparty protection. This sets a new standard for issuers."Rubail Birwadker (Visa):
"Blockchain and stablecoins are simplifying global payments. Our partnership with Rain brings payments onchain."
Visa Principal Membership
As a Visa principal member, Rain powers payments at 150M+ Visa merchants worldwide. By leveraging stablecoins for daily settlement, Rain bridges traditional finance and blockchain technology.
Future of Onchain Finance
Rain continues innovating with:
🔹 Asset-Agnostic Settlement
🔹 Blockchain-Permissioned Credit
🔹 Fraud Reduction & Operational Efficiency
FAQs
Q: How does Rain’s stablecoin settlement work?
A: Visa processes transactions normally, while Rain settles in USDC onchain—24/7.
Q: What are the benefits of tokenized receivables?
A: Lower costs, faster capital movement, and transparent accounting.
Q: Does Rain offer services outside credit cards?
A: Currently focused on stablecoin-powered Visa cards, but expanding into broader onchain finance.
👉 Discover Rain’s Stablecoin Card Solutions
👉 Explore Visa’s Blockchain Initiatives
About Rain
Rain is a global card issuer specializing in stablecoin-powered Visa programs. Founded in 2021, it’s backed by Coinbase Ventures, Galaxy Ventures, and others.
Learn more at Rain's website (Note: Non-anchored links removed per guidelines).
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