According to ChainCatcher, stablecoin infrastructure startup Rain has reached a partnership with Mastercard at a valuation of $1.95 billion. The collaboration will enable Rain to issue credit and prepaid cards while exploring stablecoin-based payment settlement. This marks Rain’s expansion into a “dual-network” strategy, as it previously relied solely on Visa. The partnership is designed to serve large institutional clients already embedded in single payment networks, allowing them to integrate stablecoin settlement capabilities without disrupting existing systems.
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