Company
Stablecoin payments platform offering card issuing and wallet infrastructure to fintechs and payment firms; its trust bank arm is Rain National Trust Bank.
Rain announced embedded stablecoin wallets for partner apps on Oct. 13, with non-custodial wallets live and earning on balances due by year-end. Partners can keep a third-party wallet, so whether Rain's becomes the core account is for each of them to decide.
Reality
Rain applied for an OCC trust bank that would issue stablecoins and hold their reserves, three days after community bankers sued to block such charters. If the bankers win, the payments firm's application could sit waiting on the case.
Perspective Coverage
6 publishersReality
The same failure mode showed up twice in two days: Rain's Solana card contract, then Ajna's liquidation accounting. Avici's fix costs about $297 a user, and that number is now the floor its competitors get measured against.
Reality
MoneyGram's new card in Colombia runs on Circle's USDC, with Rain issuing and Stellar settling. The company says its own MGUSD token comes next, and the dollar balance behind the card would then be MoneyGram's.
Reality
Card volume hit $1.076bn in August while stablecoin supply slid 3.6 percent from its May peak to about $304bn. The decoupling is real, but at these magnitudes the two series barely touch, so ticket size is the better tell.
Reality
Rain, Visa, Mastercard, Fiserv, Circle and Remitly have formed the Agentic Payments Alliance with about two dozen members, explicitly modelled on EMV. Plan to conform, not to define.
Reality
The consumer fintech solicited end-to-end wallet proposals from blockchain vendors, as first reported by Bloomberg. No partner, no timeline and no named token yet.
Reality