Huoxing Finance reports, according to The Block, Farooq Malik, CEO of crypto payment company Rain, stated that through partnerships with networks such as Visa, Rain has enabled stablecoin payments to reach over 100,000 merchants, most of whom are unaware. Current transactions settled via the Visa network take approximately three days; if merchants opt for direct stablecoin settlement, funds can be received on the same day. Rain completed a $250 million Series C funding round in January, achieving a post-money valuation of $1.95 billion, with annualized transaction volume exceeding $3 billion. The company has partnered with Visa and Mastercard to launch stablecoin cards and wallets, and plans to explore on-chain settlement using regulated stablecoins in certain business processes.
Rain CEO: Stablecoin Payments Reach Over 100,000 Merchants, Most Unaware
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Summary
Rain CEO Farooq Malik shared on-chain news, revealing that stablecoin payments now reach over 100,000 merchants, most of whom are unaware. Transactions are processed through partners like Visa, which takes three days, while direct stablecoin settlement enables same-day fund availability. Rain raised $250 million in funding during its C-round, achieving a $1.95 billion valuation and $3 billion in annualized volume. The company collaborates with Visa and Mastercard on stablecoin cards and wallets, and plans to implement on-chain settlement for regulated stablecoins in key operations.
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