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Rain, Valued at $1.95B, Expands Stablecoin Card Push With Mastercard
Rain, valued at $1.95 billion in a January fundraise, said it is offering credit and prepaid cards with Mastercard after previously issuing cards only with Visa. Rain also said it is working with Mastercard to explore settling payments with the network in stablecoins. CEO Farooq Malik said the new tie-up is aimed at larger institutions that already have long relationships with one payments network.