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Rain Launches Embedded Stablecoin Wallets with Yield Features Planned

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RAIN₹219.75 0.82%

Rain (NSE:RAIN) has launched embedded, non-custodial stablecoin wallets that integrate directly with its payment cards, on and offramps, and payout systems. The new architecture operates across 12 blockchain networks and supports major stablecoins including USDC and USDT, with card usage accepted at 175 million locations.

This launch marks a strategic expansion from card-focused payment rails toward a broader wallet platform. By providing immediate non-custodial wallet access, the company aims to accelerate integration speed and user onboarding while enhancing liquidity routes across multiple chains.

Looking ahead, custodial wallet options and account balance yield features are scheduled for rollout by the end of the year, subject to availability across jurisdictions. Key metrics to monitor include platform partner adoption, wallet activation rates, and the timely release of planned earning tools.

Key points

  • Rain launched embedded non-custodial stablecoin wallets integrated with cards, payout systems, and on and offramps.
  • The platform supports USDC and USDT across 12 blockchain networks with spending accepted at 175 million locations.
  • Custodial wallet options and balance-earning capabilities are planned for release by year-end depending on jurisdiction.
  • The move expands the platform's scope from card payment infrastructure to a full-stack wallet platform.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What new features did Rain announce for stablecoins?

Rain launched embedded non-custodial stablecoin wallets supporting USDC and USDT across 12 blockchain networks. The wallets integrate with card payments, on and offramps, and payout services.

When will Rain launch custodial wallets and earning features?

Custodial wallets and yield features on account balances are expected by the end of the year, depending on jurisdiction availability.

Where can Rain cards be used for transactions?

Rain card spending is accepted at 175 million locations worldwide.