Rain
Also a provider — view Rain’s profile →“Can a vertically integrated, network-member stablecoin issuer become the default global card and payments rail for enterprises moving on-chain money?”
Rain was founded in 2021 as a stablecoin-powered card issuing platform, evolving from a single-product card issuer into a vertically integrated stablecoin payments infrastructure company (accounts, wallets, cards, onramps/offramps, virtual accounts, cross-border payments). Rather than partnering with a third-party BaaS or issuer-processor, Rain acquired direct Visa and Mastercard principal membership, allowing it to sponsor and operate card programs globally while settling on-chain in USDC daily. The 2026 Series C at a $1.95B valuation cements a pivot from crypto-native card issuing to enterprise-grade global payments infrastructure — powering programs like Western Union's Stablecard.