Rain Partners with Mastercard to Launch Dual-Card Network Strategy
Rain has announced a partnership with Mastercard to issue credit and prepaid cards, enhancing its stablecoin infrastructure. According to NS3.AI, this collaboration values the startup at $1.95 billion. Previously, Rain primarily utilized Visa for its card offerings. The new agreement marks the beginning of a dual-card network strategy aimed at institutional clients seeking stablecoin settlement without altering their current payment systems.
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