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Rain Launches Embedded Stablecoin Wallets for Enterprise App Integration

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RAIN2USD$0.009965 1.16%

Global stablecoin payments platform Rain (CRYPTO:RAIN2USD) launched embedded stablecoin wallets, enabling corporate partners to integrate crypto storage directly into their applications. The non-custodial wallets are available immediately across 12 blockchain networks, allowing users to log in using passkeys, phone numbers, or email addresses rather than seed phrases.

The new account layer connects directly to Rain's broader payments infrastructure, including virtual accounts, global payouts, and payment cards accepted at over 175 million merchant locations worldwide. By consolidating wallet management, onramps, offramps, and payment card funding into a single integration, businesses can let customers receive payouts, hold stablecoin balances like USDC or USDT, and spend funds without requiring manual conversions or leaving the host application.

Looking ahead, Rain plans to expand its product suite before the end of the year by releasing custodial wallet options and introducing capabilities that allow users to earn yields directly on their stablecoin balances.

Key points

  • Rain introduced non-custodial embedded stablecoin wallets that integrate directly into corporate partner applications.
  • The wallets support 12 blockchains and allow login via passkey, email, or phone code without seed phrases.
  • Balances in Rain wallets can fund payment cards accepted at 175 million merchant locations globally.
  • Rain plans to add custodial wallets and balance yield-earning features before the end of the year.

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Questions and answers

What are Rain wallets?

Rain wallets are embedded stablecoin accounts that businesses can integrate into their apps, allowing users to receive, hold, spend, and transfer stablecoins across multiple blockchains.

Which blockchains do Rain wallets support?

Non-custodial Rain wallets support 12 blockchains, including Ethereum, Solana, Polygon, Base, Arbitrum, Optimism, Avalanche, BNB Smart Chain, Celo, Monad, ZKsync, and Plasma.

When will yield-earning features and custodial wallets be available?

Rain plans to release custodial wallets and features that let users earn yields on their stablecoin balances before the end of the year.