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Techub News reports that, according to CryptoBriefing, stablecoin payment company Rain announced a partnership with Mastercard to jointly expand stablecoin card infrastructure. The company is currently valued at $1.95 billion and has previously partnered with Visa. This collaboration enables it to connect to the networks of the world's two major card organizations simultaneously. The two parties will also explore stablecoin-based payment settlement solutions. This partnership comes at a time when card organizations and payment companies are competing to build stablecoin infrastructure, as Mastercard has previously announced the acquisition of stablecoin infrastructure company BVNK, and Stripe is also set to complete its acquisition of Bridge in 2025 to expand related businesses.