Rain receives Mastercard support to advance on-chain settlement integration, with a valuation approaching $2 billion

Odaily Planet Daily reports that stablecoin infrastructure startup Rain is currently valued at $1.95 billion and has announced a partnership with payment giant Mastercard to issue credit and prepaid cards, as well as explore pathways for using stablecoins for payment settlement. Previously, Rain mainly relied on the Visa network for card issuance products. This collaboration with Mastercard signifies its entry into the “dual card network” deployment phase, further expanding the institutional client market. Rain stated that this partnership will focus on serving large institutional clients deeply integrated with a single payment network, enabling them to introduce stablecoin settlement capabilities without changing their existing payment systems.

Meanwhile, at the industry level, stablecoin applications continue to expand, with institutions like Stripe and Coinbase promoting the integration of stablecoin payments and settlements, indicating that the fusion of traditional finance and crypto payment infrastructure is accelerating. Analysts believe that as regulatory frameworks become clearer, stablecoins are rapidly shifting from a trading tool to an infrastructure for enterprise payments and cross-border settlements. (Fortune)