#USA #New York #Blockchain #Visa #Rain

Introduction

In a groundbreaking collaboration, Rain, a global leader in card issuance designed for stablecoins, has teamed up with Visa to usher in a new era of onchain finance. This partnership promises to revolutionize how consumers engage with financial transactions by leveraging blockchain technology.

Partnership Details

As of May 1, 2025, Rain has officially joined Visa's pilot program for stablecoin settlement. By tokenizing its credit card receivables, Rain has transitioned all settlement transactions for its Visa cards to USDC, enabling transactions to occur around the clock, 365 days a year.

Rain’s backend infrastructure — including APIs, compliance layers, and payment logic — empowers fintech companies and digital wallets to develop and launch stablecoin-linked card programs. With an increasing demand for real-time global payments, Rain is witnessing significant momentum from partners eager to issue onchain cards and facilitate stablecoin transactions.

Features of the Partnership

Seven-Day-a-Week Settlement

The comprehensive settlement offering from Rain efficiently manages authorization logic and transactions completely onchain. This means that card transactions on the Visa network can seamlessly interact with stablecoins across various blockchains. When a consumer makes a payment using a Rain-issued Visa card, Visa processes the transaction just as it typically would, yet now extends its operating hours indefinitely. Rain’s system utilizes stablecoins, allowing network settlements every day of the week.

Tokenization of Credit Card Receivables

Through full tokenization of its credit card receivables, Rain enhances capital management and provides unparalleled transparency within the financial landscape. This innovation not only helps fintech ventures get their products to market quicker, but also opens doors for consumers to enjoy globally interoperable digital payment experiences.

Additionally, Rain announces a world-first closed financing model for credit card receivables using stablecoins. By collaborating with various capital partners to lend stablecoins for settling credit card receivables, Rain can provide lower capital costs for consumer and B2B credit programs while offering lenders access to superior collateral and programmatic repayments based on smart contracts.

Importance to Financial Accessibility

This sophisticated structure has the potential to unlock access to credit for individuals within underserved financial markets, while simultaneously driving significant operational and capital efficiencies for both Rain and associated programs.

Statements from Leaders

Farooq Malik, CEO and co-founder of Rain, stated: "By engaging in Visa's USDC settlement program, we can now execute transactions around the clock, significantly improving our capital efficiency. This shift allows us to function with reduced collateral demands while maintaining the same level of security for our partners."

Conversely, Rubail Birwadker, Head of Growth Products and Partnerships at Visa, emphasized the transformative potential of blockchain, noting, "Transferring money internationally has always been intricate, but blockchain technology and stablecoins are changing that narrative. Collaborating with Rain to facilitate onchain payments and enable settlements seven days a week is a pivotal leap toward simplifying global transactions."

Future Prospects

This collaboration is merely the onset of what is possible. Rain continues to explore new avenues to enhance the utility of stablecoins, including its asset-agnostic settlement offerings and blockchain permissioning — both aimed to ensure that credit exists entirely onchain.

By laying the groundwork for a more efficient, transparent, and accessible financial ecosystem, Rain aims to minimize working capital requirements, curb fraud, and enhance operational outcomes.

Visa Membership

As a principal member of Visa, Rain facilitates smooth payment solutions across over 150 million locations worldwide that accept Visa. By adopting stablecoins for automated daily settlements with Visa’s network, Rain is fully committed to its mission of merging blockchain technology with traditional financial frameworks, thereby making digital assets seamlessly usable in everyday applications.

Conclusion

In conclusion, the partnership between Rain and Visa marks a significant milestone in the evolution of finance. As they progress together, they are not only redefining payment methods but also positioning themselves at the forefront of a digital financial revolution that promises to make payments faster, cheaper, and universally accessible.