Stablecoin startup Rain joins Mastercard as a Principal Member
The Block
Stablecoin infrastructure startup Rain has become a Mastercard Principal Member to expand its card offerings and explore onchain settlement capabilities.Summary
Stablecoin payments startup Rain has partnered with Mastercard, becoming a Principal Member to issue stablecoin-powered credit and prepaid cards. This move allows Rain to leverage Mastercard's global network, which spans over 210 countries, while maintaining its existing relationship with Visa. Beyond card issuance, the two companies plan to explore settling program flows onchain using regulated stablecoins to reduce capital intensity. This partnership aligns with Mastercard's broader strategy to integrate stablecoin infrastructure and support crypto-native businesses.
(Source：The Block)