According to ChainCatcher, stablecoin infrastructure startup Rain has reached a partnership with Mastercard at a valuation of $1.95 billion. The collaboration will enable Rain to issue credit and prepaid cards while exploring stablecoin-based payment settlement. This marks Rain’s expansion into a “dual-network” strategy, as it previously relied solely on Visa. The partnership is designed to serve large institutional clients already embedded in single payment networks, allowing them to integrate stablecoin settlement capabilities without disrupting existing systems.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Payward Completes $550M Bitnomial Acquisition for CFTC Derivatives
Payward, the parent company of cryptocurrency exchange Kraken, has closed its $550 million acquisition of Bitnomial. The deal grants Payward a full CFTC-regulated derivatives stack in the U.S., according to the
CryptoFrontier2m ago
SOL Strategies Acquires Cross-Chain Aggregator HoudiniSwap for $18 Million
According to The Block, Nasdaq-listed Solana ecosystem treasury company SOL Strategies announced a definitive acquisition agreement for HoudiniSwap at $18 million. The payment structure includes $8.25 million in cash, $5.75 million in six-month promissory notes, and $4 million in STKE stock
GateNews41m ago
Western Union Launches USDPT Stablecoin on Solana on May 4
According to Businesswire, Western Union launched USDPT, a dollar-backed stablecoin on Solana, on May 4. The stablecoin is issued by Anchorage Digital Bank and backed by 1:1 U.S. dollar reserves. USDPT will be integrated into Western Union's global payment system to serve as a settlement layer for c
GateNews1h ago
Visa Adds 5 Blockchains to Stablecoin Settlement Pilot, Expanding Support to 9 Chains on April 29
According to Visa, on April 29 the company expanded its stablecoin settlement pilot to support 9 blockchains, up from 4. The five newly added networks are Arc, Base, Canton, Polygon, and Tempo. The expansion allows card issuers and payment processors to select blockchains aligned with their
GateNews3h ago
South Korea Pushes Won Stablecoin After $115B Move to Dollar-Backed Tokens
South Korea is pushing a won-pegged stablecoin after $115B flowed into dollar-backed tokens, raising FX and policy concerns.
The Bank of Korea favors a bank-led rollout with strict oversight, warning of risks to monetary stability and reporting compliance.
Competing KRW stablecoin
CryptoFrontNews4h ago
Ethereum Applications Guild Launches to Support Native App Development
According to Ethereum Korea, the Ethereum Applications Guild (EAG), a global nonprofit collaborative organization, was launched recently to support the Ethereum application ecosystem. EAG focuses on native Ethereum application development rather than infrastructure, reflecting a shift in the ecosyst
GateNews10h ago
