Rain Expands Stablecoin Visa Cards to Solana, Tron and Stellar as Digital Payment Gains Momentum
Rain, a crypto card platform that lets users spend stablecoins anywhere Visa (V) is accepted, said it has added support for Solana SOL, Tron TRX and Stellar XLM networks.
The update makes it easier for companies building on those chains to launch their own branded cards, backed by either custodial or non-custodial wallets, that work across borders and payment use cases. Users can then pay with stablecoins in real-world scenarios like buying groceries, sending business payouts or receiving funds overseas.
The move underscores the growing trend of using blockchain rails for everyday payments, primarily in the form of stablecoins, a special subset of digital tokens tied to fiat currencies. Stablecoin payment volume taken in February of this year amounted to an annualized $72.3 billion, a fresh report from Artemis showed.
Rain raised $24.5 million in a Series A round in March and says demand for card programs tied to stablecoins is accelerating, especially among platforms looking to bridge digital assets and everyday spending.
The startup claims it's the only Visa Principal Member offering multi-chain card issuance out of the box, meaning developers can tap into one API to roll out global payments using stablecoins. The firm already supports Arbitrum, Optimism and Polygon, but the new additions bring in networks known for speed (Solana), remittances (Stellar) and high stablecoin volume (Tron).
Applications including KAST and Offramp are already putting the platform to use, the company said. KAST, built on Solana, issues cards that connect directly to users' wallets, enabling real-time spending. Offramp, based on Tron, is rolling out cards in Latin America to expand access to dollar-based payments.Sign in to access your portfolio
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Better Buffett Stock: American Express vs. Visa
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When viewing an item on a brand or retailer's site, consumers using Phia are presented with a button that asks, 'Should I buy this?' From there, Phia generates a price summary—whether the price is low, typical or high—and suggests where a consumer can buy an identical or similar product for cheaper. It shows both options to buy new from sites like Amazon and to buy secondhand from marketplaces like Poshmark, Depop and eBay. The founders noted that their proprietary technology works for any e-commerce brand. Kianni said Phia helps encourage users to buy secondhand items; by showing them a variety of resale items, the technology wants to improve environmental outcomes and help consumers, who currently lack optimism about the U.S. economy, pay less for the goods they want or need to purchase. 'We, like so many consumers, want to shop smarter and make the most of our money,' Kianni said in a statement. 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