Rain Expands Stablecoin Visa Cards to Include Solana, Tron, and Stellar

Rain, a platform that facilitates crypto card transactions, has expanded its support to include the Solana, Tron, and Stellar networks.

This enhancement simplifies the process for businesses operating on these networks to introduce their own branded cards, which can be supported by custodial or non-custodial wallets. Consequently, users can utilize stablecoins for various transactions in real life, such as grocery shopping, business payments, or international money transfers.

This shift highlights the increasing adoption of blockchain technologies for routine payment processes, particularly through stablecoins, which are digital assets pegged to fiat currencies. A recent report indicated that stablecoin transactions in February reached an annualized volume of $72.3 billion.

In March, Rain successfully secured $24.5 million during its Series A funding round, indicating a rising interest among platforms looking to connect digital currencies with everyday spending through card programs linked to stablecoins.

The startup asserts that it holds a unique position as the sole Visa Principal Member that offers immediate multi-chain card issuance, allowing developers to leverage a single API for global payments using stablecoins. With the new integrations, it now supports additional networks renowned for their speed, remittance capabilities, and extensive stablecoin transactions.

Several applications, including KAST and Offramp, are already utilizing the platform. KAST, which operates on Solana, provides cards that connect directly to users’ wallets for instantaneous spending. Offramp, which is based on Tron, is launching cards in Latin America to broaden accessibility to dollar-denominated payments.