Rain Adds Support for Solana, Tron, and Stellar for Stablecoin Cards
Rain, a crypto card platform, now supports the Solana, Tron, and Stellar networks, allowing users to spend stablecoins wherever Visa is accepted. Key points include:
- Companies can launch branded cards backed by custodial or non-custodial wallets.
- This enables payments for groceries, business payouts, and overseas funds using stablecoins.
- Stablecoin payment volume reached an annualized $72.3 billion in February.
- Rain raised $24.5 million in March and reports increasing demand for stablecoin card programs.
- It claims to be the only Visa Principal Member providing multi-chain card issuance via a single API.
- Applications like KAST and Offramp utilize the platform for real-time spending and dollar-based payments in Latin America.