Stablecoin card company Rain today announced its support for Dinari’s stablecoin USD+, a yield-bearing stablecoin, facilitating greater spending across Latin America, according to the company’s press release.
The USD+ stablecoin offers a modest 5% yield to holders, a feature that Rain makes easily accessible with its card, especially for its partners and their users’ accounts, like Offramp – a digital banking platform.
Dinari also powers tokenized shares and securities on its own network, dubbed the ‘Dinari Financial Network’.
Marking a turning point for Rain, COO and CTO Charles Yoo-Naut stated:
From the very beginning, we designed Rain’s technology to be token-agnostic, stablecoin-native, and built to evolve as the asset landscape expands. Our ability to seamlessly extend support to USD+ exemplifies the strength of our platform.
On the news, Co-founder and CEO of Offramp Gabe Otte expressed:
Rain’s integration of USD+ proves our infrastructure powers both yield-bearing stablecoins and tokenized equities for partners. Our mission is to democratize access to U.S. dollars and equities globally. With Rain, fintechs can now put those dollars directly into users’ hands, where they can grow and remain spendable.
This move allows Rain to strengthen its global appeal as a stablecoin card and payments provider both in the U.S. and developing parts of the world.
As digital currencies continue to gain traction, the introduction of USD+ represents a significant step towards integrating yield-bearing options into the stablecoin market.
