Rain Launches a Non-Custodial Stablecoin Wallet
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On October 13, 2026, Digital Transactions News reported that Rain launched a non-custodial stablecoin wallet to provide a funding source for its cards, which users can use at 175 million merchant locations worldwide. Rain said that funds received in virtual accounts can enter the wallet and be used for card payments in the form of stablecoins; the funds can also be transferred to bank accounts to be received in local currency. Rain also plans to launch a custodial wallet by the end of 2026. The same report stated that Thredd will work with Bakkt on a proof of concept for settling credit card transactions with stablecoins, expected to be carried out in the first half of 2027.
AI-written from reports · updated 6 days ago
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- Digital Transactions NewsRain launches stablecoin wallet, while Thredd and Bakkt explore stablecoin settlement for card transactions
Rain has launched a non-custodial stablecoin wallet to provide funding for its cards, supporting use at 175 million merchant locations globally; a custodial wallet is planned for launch before the end of the year. Rain said funds received in virtual accounts can enter the wallet and be used for card payments in stablecoins, or be transferred to bank accounts and received in local currency. Meanwhile, Thredd will work with Bakkt on a proof of concept for settling card transactions with stablecoins, expected to be carried out in the first half of next year.
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