Rain has announced it is partnering with Lithic Forge for stablecoin payments, as well as Plasma revealing it will be using Rain’s card infrastructure.
Stablecoin card provider Rain is partnering up with Lithic, also a card issuing and processing platform providing account management for debit, prepaid, charge, and credit card programs across both physical and virtual options.
Having already scaled to 150 countries, Rain is focused on the next growth of stablecoins worldwid and is expanding its partners, such as Lithic, to provide easy solutions for enterprises to manage their digital assets.
On scaling growth, Co-founder and CEO of Rain Farooq Malik stated:
By combining our stablecoin infrastructure with Lithic’s reach and processing technology, we’re making it easier than ever for partners to launch, scale, and shape programs that fit their needs.
Adding to this, Co-founder and CEO of Lithic Bo Jiang expressed:
Stablecoin-powered cards are a major growth frontier in payments, and Rain is at the forefront of making them work at scale. This partnership allows Lithic to bring our advanced processing platform into this fast-growing category and to support fintechs and card programs around the world.
Meanwhile, Rain also revealed an integration with Plasma, the latest L1 blockchain powered for native stablecoin transfers.
It already has $1B in stablecoin deposits, supporting over 15 different stablecoins and is expected to launch its mainnet later this month.
Stablecoin-linked cards are becoming increasingly popular in various regions of the world. In this case, the ability to spend $USDT on Rain-powered cards across Plasma means users pay zero in $USDT fees and experience less than 1 second settlement times.
