Rain Integrates USD+ Stablecoin, Enabling Yield on Spending in Latin America
In an innovative move set to transform the financial landscape in Latin America, Rain has officially announced its integration of USD+, a yield-bearing stablecoin developed by Dinari, a leader in tokenized U.S. public securities. This development marks a significant step towards enhancing financial accessibility as it enables users outside the U.S. to hold and utilize USD+ through Rain-issued cards.
The USD+ stablecoin is uniquely backed by U.S. Treasuries and cash equivalents, offering approximately 5% annual percentage yield (APY). This allows users to earn while holding their assets—a groundbreaking feature for individuals in regions where access to traditional U.S. dollar accounts is either limited or inadequate.
Through the use of Rain's API, partners can now provide customers digital dollar accounts that automatically generate yield without any requirements for minimum balances, foreign bank accounts, or convoluted investment products. This means that users can spend their money worldwide at any establishment that accepts Visa cards, boosting not just their financial autonomy but also turning previously inactive funds into income-generating assets.
Soft launching the new service, Offramp emerges as the first neobank to offer USD+ accounts with these integrated Rain-issued cards. This global financial institution primarily focuses on markets across Latin America (LATAM), enabling users outside the U.S. to hold USD+ in their accounts, earn daily yields, and leverage this balance for purchases globally. Furthermore, Offramp customers can invest in tokenized equities via Dinari's dShares™.
Charles Yoo-Naut, CTO and Co-Founder of Rain, emphasized the versatility of their technology, stating, "From the very beginning, we designed Rain's technology to be token-agnostic, stablecoin-native, and built to evolve as the asset landscape expands. By supporting USD+, we’re providing our partners like Offramp with the capacity to launch products that are financially attractive and frictionless."
The platform underpinning USD+ is the Dinari Financial Network. This infrastructure also caters to dShares™—Dinari's line of fully backed, compliant tokenized equities—creating pathways for neobanks, brokerages, and fintech companies to offer regulated access to U.S. financial products previously out of reach for most. Gabe Otte, Co-Founder and CEO of Dinari, remarked, "Rain's integration of USD+ showcases our infrastructure's capability to support both yield-bearing stablecoins and tokenized equities for partners. Our mission is to democratize access to U.S. dollars and equities on a global scale."
Luc Loja, CEO and Founder of Offramp, expressed excitement over this partnership, asserting, "By leveraging Rain's support for USD+, we are unlocking the true potential of stablecoins for users in emerging markets. This is a historic milestone in stablecoin innovation, merging spendability with yield potential unlike ever before."
Rain operates as a global infrastructure platform for stablecoin transactions, focusing on ensuring that enterprises, neobanks, and other developers can utilize stablecoins in a compliant manner through payment cards, on and off-ramps, wallets, and efficient cross-border transactions. As a Visa Principal Member, Rain issues cards accepted worldwide, facilitating millions of transactions across over 150 countries. The functionality of Rain combined with Dinari's tokenization technology presents a new frontier in the realm of financial services.
Dinari Inc. thrives as a pioneer in tokenized U.S. public securities, providing essential tools for prospective investors through compliant, blockchain technology. Their goal is to ensure that both neobanks and fintechs can seamlessly connect their clients to U.S. public markets via Dinari's dShares™. With significant funding to back this vision, including an impressive $22.65 million raised from distinguished investors, Dinari is setting the stage for widespread financial democratization.
Offramp, meanwhile, is redefining what it means to access finance in emerging markets. Through its neobank app, Offramp is making strides in providing seamless services – from payment cards to USD virtual accounts, all while promoting yield generation and tokenized equities—a well-rounded financial package that caters to underserved regions.
As more partnerships unfold and technologies converge, Rain and Dinari are paving the way for unprecedented financial freedom and innovation, providing promising prospects for the future of stablecoin utilization in emerging markets and beyond.
The USD+ stablecoin is uniquely backed by U.S. Treasuries and cash equivalents, offering approximately 5% annual percentage yield (APY). This allows users to earn while holding their assets—a groundbreaking feature for individuals in regions where access to traditional U.S. dollar accounts is either limited or inadequate.
Through the use of Rain's API, partners can now provide customers digital dollar accounts that automatically generate yield without any requirements for minimum balances, foreign bank accounts, or convoluted investment products. This means that users can spend their money worldwide at any establishment that accepts Visa cards, boosting not just their financial autonomy but also turning previously inactive funds into income-generating assets.
Soft launching the new service, Offramp emerges as the first neobank to offer USD+ accounts with these integrated Rain-issued cards. This global financial institution primarily focuses on markets across Latin America (LATAM), enabling users outside the U.S. to hold USD+ in their accounts, earn daily yields, and leverage this balance for purchases globally. Furthermore, Offramp customers can invest in tokenized equities via Dinari's dShares™.
Charles Yoo-Naut, CTO and Co-Founder of Rain, emphasized the versatility of their technology, stating, "From the very beginning, we designed Rain's technology to be token-agnostic, stablecoin-native, and built to evolve as the asset landscape expands. By supporting USD+, we’re providing our partners like Offramp with the capacity to launch products that are financially attractive and frictionless."
The platform underpinning USD+ is the Dinari Financial Network. This infrastructure also caters to dShares™—Dinari's line of fully backed, compliant tokenized equities—creating pathways for neobanks, brokerages, and fintech companies to offer regulated access to U.S. financial products previously out of reach for most. Gabe Otte, Co-Founder and CEO of Dinari, remarked, "Rain's integration of USD+ showcases our infrastructure's capability to support both yield-bearing stablecoins and tokenized equities for partners. Our mission is to democratize access to U.S. dollars and equities on a global scale."
Luc Loja, CEO and Founder of Offramp, expressed excitement over this partnership, asserting, "By leveraging Rain's support for USD+, we are unlocking the true potential of stablecoins for users in emerging markets. This is a historic milestone in stablecoin innovation, merging spendability with yield potential unlike ever before."
Rain operates as a global infrastructure platform for stablecoin transactions, focusing on ensuring that enterprises, neobanks, and other developers can utilize stablecoins in a compliant manner through payment cards, on and off-ramps, wallets, and efficient cross-border transactions. As a Visa Principal Member, Rain issues cards accepted worldwide, facilitating millions of transactions across over 150 countries. The functionality of Rain combined with Dinari's tokenization technology presents a new frontier in the realm of financial services.
Dinari Inc. thrives as a pioneer in tokenized U.S. public securities, providing essential tools for prospective investors through compliant, blockchain technology. Their goal is to ensure that both neobanks and fintechs can seamlessly connect their clients to U.S. public markets via Dinari's dShares™. With significant funding to back this vision, including an impressive $22.65 million raised from distinguished investors, Dinari is setting the stage for widespread financial democratization.
Offramp, meanwhile, is redefining what it means to access finance in emerging markets. Through its neobank app, Offramp is making strides in providing seamless services – from payment cards to USD virtual accounts, all while promoting yield generation and tokenized equities—a well-rounded financial package that caters to underserved regions.
As more partnerships unfold and technologies converge, Rain and Dinari are paving the way for unprecedented financial freedom and innovation, providing promising prospects for the future of stablecoin utilization in emerging markets and beyond.
Topics Financial Services & Investing）
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