Stablecoin startup Rain is worth $1.95 billion and plans to issue cards with Mastercard in a push to woo institutional customers
https://fortune.com/2026/05/04/mastercard-rain-stablecoin-startup-institutional-customers-partnership/
Posted by NewFun2174
2 Comments
Mastercard acquiring BVNK in March and now this announcement makes more sense as a sequence than either move did alone.
BVNK gives them stablecoin orchestration on the back end and this gives them card issuance capability on top.
I remember when the Bridge Visa expansion got announced earlier this year and the takeaway was this is the move that defines the category so Rain answering with Mastercard a few months later changes the question I’d be asking if I were evaluating infra right now.