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Rain and Visa: A Game Changer in On-Chain Finance

In a groundbreaking collaboration, Rain, a global platform dedicated to the issuance of credit cards designed for stablecoins, has formed a partnership with Visa aimed at accelerating transactions within the blockchain framework. This partnership marks a significant milestone in the evolution of on-chain finance, where blockchain technology reshapes everyday financial interactions.

On May 1, 2025, Rain announced its entry into Visa's pilot program for stablecoin settlement, a significant leap forward in enabling seamless, real-time financial transactions. With the complete tokenization of credit card accounts receivable, all their Visa card settlement transactions will now utilize USDC stablecoins, allowing for 24/7 operations throughout the year without any interruptions.

Transforming Financial Transactions

Rain’s technology encompasses a patented settlement platform that integrates all logic related to authorization and settlement directly onto the blockchain. This innovation permits Visa card transactions to become interoperable with multiple blockchain networks, thus broadening the scope of digital transactions.

For consumers, this means a vastly improved transaction experience. When a Rain-issued Visa card is used for payment at any merchant, Visa handles the typical settlement process with the merchant's acquirer. Meanwhile, Rain efficiently utilizes stablecoins to facilitate settlements anytime, ensuring that users have access to financial services around the clock.

Tokenized Credit Receivables

The complete tokenization of Rain's credit card accounts receivable not only enhances capital efficiency but also adds a layer of transparency throughout the entire financial system. This capability is crucial for fintechs looking to launch new products more swiftly while granting consumers access to globally interoperable, tech-driven payment experiences.

Additionally, Rain has achieved a world-first by securing funding for closed-loop credit card accounts receivable through stablecoins. By collaborating with a network of capital partners, Rain borrows stablecoins to enable on-chain settlements of these receivables. This clever strategy allows Rain to reduce the overall cost of capital for consumer credit programs while providing superior collateral and repayable terms managed programmatically through smart contracts.

A New Standard for Digital Asset Usage

“Participating in Visa's USDC settlement program empowers us to conduct transactions every day, all year long, independent of traditional banking hours. This not only enhances our capital efficiency but also minimizes the need for collateral while providing the same protection to our partners,” expressed Farooq Malik, co-founder and CEO of Rain. “This marks a new standard for issuers and elevates the utility of digital assets.”

Rubail Birwadker, Visa's Director of Growth Products and Partnerships, commented on the transformative potential of this collaboration, stating, “Transferring money across borders has always posed challenges, yet through blockchain technology and stablecoins, we’re paving a new path. Working with Rain to enable blockchain integration and seven-day settlement is a monumental stride in simplifying global payments.”

The Road Ahead

This partnership between Rain and Visa is merely the starting point. Rain is continually navigating new avenues to optimize stablecoin utility. By implementing independent asset settlement platforms and blockchain authorization, Rain is set to allow credit to exist entirely on-chain, heralding a new era for financial risks and operational efficiencies. This shift aims not only to lower the circulating capital and fraud but also to drive significant operational improvements.

About Rain

Established in 2021 by Farooq Malik and Charles Naut, Rain operates as a principal member of Visa, delivering seamless payment solutions across over 150 million Visa-accepting merchants worldwide. By embracing stablecoins for automated daily settlements within the Visa network, Rain fortifies its commitment to merging blockchain technology with conventional financial systems, ultimately rendering digital assets fully interoperable for everyday use. For more information, visit Rain's official website.