Rain launches an embedded stablecoin wallet, supporting 12 blockchains and connecting to global 175000000 merchants
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AT A GLANCE
Rain announced the launch of an embedded stablecoin wallet, supporting 12 blockchains, and said its bank cards can be used at 175000000 merchant locations worldwide.
Article
Rain launches an embedded stablecoin wallet, supporting 12 blockchains and connecting to global 175000000 merchants
BlockBeats news,October 14, the stablecoin payments platform Rain announced the launch of an embedded stablecoin wallet. Partners can integrate the wallet directly into their own applications and access Rain’s services, including bank cards, virtual accounts, rewards, fiat on- and off-ramps, and global payments, through a single integration.
The Rain wallet supports Arbitrum, Avalanche, Base,BNB Chain、Celo、Ethereum、Monad、Plasma、Optimism、Polygon、Solana and ZKsync, spanning 12 blockchains, and can hold USDC、USDT and other stablecoins and crypto assets. Users can receive, save, spend, and transfer funds using the same stablecoin balance, and spend at 175000000 merchant locations worldwide with Rain-issued bank cards.
The non-custodial wallet is currently available to Rain partners, with users retaining control of their private keys. The custodial wallet and stablecoin balance yield features are expected to launch by the end of 2026. Rain said its platform aims to integrate stablecoin holding, payments, and money transfers into a single application experience.
Original link https://m.theblockbeats.info/flash/371680
Key points
01
BlockBeats news,October 14, Rain announced the launch of an embedded stablecoin wallet.
02
Partners can integrate the wallet directly into their own applications and access Rain’s services, including bank cards, virtual accounts, rewards, fiat on- and off-ramps, and global payments, through a single integration.
03
The wallet supports Arbitrum, Avalanche, Base,BNB Chain、Celo、Ethereum, Monad, Plasma, Optimism, Polygon, Solana, and ZKsync, spanning 12 blockchains.
04
The wallet can hold USDC、USDT and other stablecoins and crypto assets.
05
Users can receive, save, spend, and transfer funds using the same stablecoin balance.
06
Rain said its issued bank cards can be used at 175000000 merchant locations worldwide.
07
The non-custodial wallet is currently available to Rain partners, with users retaining control of their private keys.
08
The custodial wallet and stablecoin balance yield features are expected to launch by the end of 2026.
09
Rain said its platform aims to integrate stablecoin holding, payments, and money transfers into a single application experience.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a wallet solution that can be embedded in partner applications. After integration, partners can provide users with stablecoin storage, receiving, transfer, and spending features, while connecting to Rain’s bank card, virtual account, fiat on- and off-ramp, and global payment services. The currently available option is a non-custodial wallet in which users safeguard their own private keys; the custodial wallet and balance yield features remain in the planning stage.
Why it matters to readers
The product brings stablecoin wallets across multiple blockchains together with bank card, fiat on- and off-ramp, and payment services through a single integration, which may make it easier for partners to offer stablecoin-related features within their own applications.
Beginners can understand it as stablecoin wallet infrastructure for integration with other applications. An important distinction is that non-custodial wallets require users to hold their own private keys; custodial wallets and balance yield functionality have not yet been launched.
Risks and unknowns
The source text does not provide the number of partners, the actual user base, or transaction data.
The source text does not specify the global 175000000 number of merchant locations covered by the statistics, their regional distribution, or specific usage restrictions.
The source text does not specify, item by item, which assets and functions are supported by each blockchain.
Related Developments
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Custodial wallet and stablecoin balance yield features are only expected to launch by the end of 2026 the year; whether they can launch on schedule cannot be confirmed.
The source is a BlockBeats report relaying Rain's announcement and does not provide independent verification materials.
Related concepts
Stablecoin
An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.
