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The Future of Finance: Rain Collaborates with Visa to Innovate Onchain Credit Cards

In a groundbreaking partnership, Rain, a leading global card issuance platform designed for stablecoins, has teamed up with Visa to usher in a new era of onchain finance. Announced on May 1, 2025, Rain's collaboration aims to facilitate everyday financial transactions through the power of blockchain technology.

A Major Step Towards Financial Transformation

Rain is set to join Visa's pilot program focused on stablecoin settlement, changing the way credit card transactions are executed. The platform has completely tokenized its credit card receivables by converting them to USDC for all Visa transactions. This transformation enables Rain to conduct operations uninterrupted, 365 days a year, allowing them to meet the increasing demand for real-time global payments.

API Infrastructure and Compliance Layers
Rain provides a comprehensive backend API infrastructure equipped with compliance layers and settlement logic. This allows both fintech companies and wallets to develop and launch stablecoin-linked credit card programs swiftly. As more partners look to leverage onchain credit cards, Rain's technological advancements pave the way for a seamless integration into existing financial frameworks.

Anytime, Anywhere Settlements

One of Rain's standout features is its proprietary settlement stack, which offers onchain authorization and settlements. This cutting-edge technology makes it possible for credit card transactions to occur seamlessly across multiple blockchains using stablecoins within the Visa network. When a user pays with a Visa card issued by Rain, Visa handles the settlement with the merchant just as it would traditionally, all while Rain uses stablecoins programmatically to ensure settlements remain active round-the-clock.

Furthermore, Rain has fully tokenized credit card receivables for more efficient capital management and heightened transparency within the financial system. This innovation not only accelerates the time-to-market for fintech firms launching new products but also enhances consumer access to globally interoperable digital payment experiences.

Groundbreaking Closed-Loop Financing

Rain has introduced a world-first system of closed-loop financing of credit card receivables utilizing stablecoins. By tapping into a network of financial partners and leveraging stablecoins to facilitate credit receivables settlements, Rain has significantly reduced the total cost of capital for its consumer credit and B2B programs. This structured approach not only provides lenders with superior collateral but also allows for programmatic repayments based on smart contracts. This efficiency has the potential to broaden credit access in underdeveloped financial markets while unlocking operational and capital efficiencies.

Corporate Statements
"By participating in Visa's USDC settlement program, we can now enable settlements every day of the year, even outside of traditional banking hours. The shift to USDC makes us more efficient in managing capital, helping to reduce collateral while still upholding the necessary protections for our counterparties. This marks a new standard for issuers and reinforces the utility of digital assets," explained Farooq Malik, the co-founder and CEO of Rain.

Visa's Product Lead for Growth and Partnerships, Rubail Birwadker, also expressed excitement about this collaboration, stating, "Transferring money across borders has traditionally been complex, but blockchain technology and stablecoins are beginning to change that. Our partnership with Rain is a significant advance towards simplifying global payments."

Paving the Way for a New Financial Ecosystem

Rain remains focused on exploring new methods to enhance the utility of stablecoins, including a settlement stack that accommodates all assets and permissioned blockchain solutions. Together, these innovations are poised to reshape the landscape of onchain credit.

As a principal member of Visa, Rain provides seamless payment solutions to over 150 million merchants worldwide. By employing stablecoins for everyday automatised settlements via the Visa network, the company is committed to integrating blockchain technology into traditional financial systems, ensuring a smooth interoperability of digital assets for everyday applications.

About Rain

Founded in 2021 by Farooq Malik and Charles Naut, Rain strives to revolutionize the financial landscape through stablecoin-based card issuance. Backed by notable investors such as Norwest Venture Partners and Coinbase Ventures, the company focuses on harnessing technology to create a more efficient, transparent, and accessible financial ecosystem. For additional information, visit Rain's official website.