Rain Joins Visa to Enable USDC Settlement Seven Days a Week

Stablecoin-powered payments are taking another step forward. Rain, a global card issuing platform, has joined Visa’s pilot program to test stablecoin settlement using USDC. The partnership marks a shift in how payments can move onchain, offering real-time settlement every day of the year.

Good to know

• Rain has shifted all Visa card settlement to USDC.
• Tokenized receivables improve transparency and capital efficiency.
• Visa settlement now runs 24/7 using stablecoins on blockchain.

Rain confirmed that it now settles Visa card transactions using USDC, fully removing reliance on traditional banking hours. Settlement now runs 7 days a week, 365 days a year. This transition allows Rain to move faster and use capital more efficiently.

Visa still clears transactions through merchant acquirers, but Rain leverages its stablecoin infrastructure to complete settlement onchain. The company’s tech stack supports stablecoin activity across multiple blockchains, enabling instant transaction finality.

Rain has also tokenized credit card receivables, creating more transparent systems and helping fintech partners launch products more quickly. These tokenized receivables offer capital providers access to stronger collateral and structured repayments through smart contracts.

To support operations, Rain raised funding through a mix of equity and stablecoin borrowing. A network of capital partners funds settlement activity through closed-loop lending, where repayments are automated and transparent. This method reduces capital costs and opens credit options in less-developed financial environments.

Rain’s co-founder and CEO, Farooq Malik, shared his view on the shift. “By participating in Visa’s USDC settlement program, we are now able to conduct settlement 7 days a week, 365 days a year, operating outside of traditional banking hours. USDC settlement allows us to be more capital efficient – helping to reduce the need for collateral while providing our counterparties the same level of protection. This sets a new standard for issuers and further enhances digital asset utility.”

Visa also sees this collaboration as a meaningful step forward. “Moving money across borders has always been complex, but blockchain technology and stablecoins are helping change that,” said Rubail Birwadker, Visa’s Head of Growth Products and Partnerships.

Rain plans to keep expanding its use of stablecoins with tools like asset-agnostic settlement and blockchain-level permissioning. The goal is to bring fully onchain credit infrastructure to fintechs and digital wallets around the world.