Stablecoin card spend is growing 100% year over year, Rain exec says
Stablecoin settlement enables weekend/holiday settlement, reducing trapped capital by over 40%. This improves card economics and financial flexibility for issuers.
AI Summary
Stablecoin card spending is experiencing rapid growth of around 105-106% year over year, with Rain, a payments infrastructure platform, predicting double-digit market share in some Latin American markets soon. Rain partnered with Mastercard to enable stablecoin transactions through existing merchant networks, leveraging established infrastructure rather than building competing systems. Stablecoin settlement allows for weekend and holiday transactions, reducing trapped capital by over 40% and improving card economics for issuers.