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Rain Joins Mastercard as Principal Member for Stablecoin Cards
Rain joined Mastercard as a Principal Member, allowing it to issue stablecoin-powered credit and prepaid cards on a network accepted in over 210 countries and regions. Rain already had a relationship with Visa. Rain and Mastercard will also explore settling select program flows onchain using regulated stablecoins. In January, Rain disclosed a $250 million Series C round at a $1.95 billion valuation.