Hassan Maishera
TL;DR
- Rain has joined Mastercard as a Principal Member.
- Mastercard will enable Rain to offer stablecoin-powered credit and prepaid cards in over 210 countries and regions.
Stablecoin Startup Rain Joins Mastercard as a Principal Member
Stablecoin payments startup Rain has announced a new partnership with Mastercard aimed at expanding its card offerings and accelerating the adoption of stablecoin-based payments worldwide.
Under the agreement, Rain becomes a Mastercard Principal Member, allowing it to issue stablecoin-powered credit and prepaid cards across one of the world’s largest payment networks.
The company already maintains a partnership with Visa, giving it access to both of the leading global card infrastructures.
Rain stated that its infrastructure was specifically built for stablecoin card programs rather than adapted from traditional fiat systems. This approach enables businesses to scale internationally through a single integration, eliminating the need to rebuild payment frameworks for each new market.
The company noted that Mastercard’s vast acceptance network—spanning hundreds of millions of merchants in more than 210 countries and regions—will allow partners to launch products faster and scale more efficiently after rollout.
The collaboration also supports Mastercard’s broader push into stablecoins and digital assets. The payments giant is actively expanding its crypto ecosystem, including efforts to acquire infrastructure firm BVNK and grow its Crypto Partner Program, which already includes more than 85 crypto-native companies.
Beyond issuing cards, Rain and Mastercard plan to explore on-chain settlement for selected payment flows using regulated stablecoins. This could reduce the capital intensity and operational complexity typically associated with traditional settlement systems.
Earlier this year, Rain revealed it had secured $250 million in Series C funding, reaching a valuation of $1.95 billion.
