Rain

Western Union's Stablecard is live. Remittances can now be received in USDPT and spent instantly anywhere Visa is accepted, at 175M merchant locations worldwide. Stablecard is live in 37 markets today, with Western Union targeting 60+ by the end of the year. USDPT is Western Union's native stablecoin, issued by Anchorage Digital on Solana. The Stablecard mobile app, embedded wallets, and card issuing are all powered by Rain's full suite of stablecoin infrastructure. This is how $100B a year for 100M customers moves onchain. Read more here: https://lnkd.in/gDE3nABZ

Who's launching with stablecoins has completely changed in the last 12 months. First came a wave of neobanks that went stablecoin first, global by default. That wave continues today. Then the GENIUS Act kicked off a second one: large institutions and traditional fintechs making their first moves into stablecoins. Now companies like MoneyGram are rethinking their entire business to run more efficiently, monetize differently, and reach new places. The most interesting part is all the companies we wouldn't have imagined a year ago now approaching us to think through how stablecoins apply to their business. Charles Yoo-Naut on the Tokenized Podcast with Simon Taylor, Cuy Sheffield, Luke Tuttle, and Darko Hajdukovic

Whop is one of the fastest growing partners on Rain right now. Last week we marked the launch of Whop Cards with a private dinner in New York, bringing together the Whop team and a room of founders and investors. Whop's 40,000 businesses generate $4B in annualized earnings. Before Whop Cards, sellers had to withdraw those earnings to an external bank account and wait days, with FX risk for international users. Now they spend instantly anywhere Visa is accepted, at 175M merchant locations worldwide. With Rain, Whop launched a compliant global stablecoin card program from day one, and is one of the clearest examples of how innovative companies are using stablecoins to build financial services that weren't possible before. Thanks to everyone who joined us to celebrate!

Senior engineers in NYC: spend a weekend building agents that move money. The Raingentic Commerce Hackathon, August 8-9, hosted with Encode Club. Build the best agentic commerce use case on Rain, alongside our founders and engineers from Cursor and Monad. On the line: a Michelin star dinner with the founders, and for standouts, a conversation about working with Rain beyond the weekend. For engineers with 5+ years of experience in fintech, infrastructure, or AI. Spots are capped and applications are reviewed. Apply: https://lnkd.in/gkVCAByT

Wallet monitoring comes standard in Rain's full-stack stablecoin suite, in partnership with Chainalysis. Before value moves through a Rain-powered product, we screen where it's been: source of funds, counterparty exposure, sanctions risk, layered across our internal controls and Chainalysis' blockchain analytics. Their Director of Regulation and Compliance, Caitlin Barnett, breaks down how it works. How wallets get clustered and attributed to real-world entities, how exposure analysis quantifies risk even when a wallet looks clean, and why regulators expect real-time monitoring from stablecoin payment infrastructure. Full Q&A: https://lnkd.in/gVTPvQGr

Join Whop and Rain for a private dinner with Series A+ founders building in NYC. We'll be toasting the launch of Whop Cards, built on Rain's stablecoin infrastructure. Whop's 40,000 businesses generate $4B annualized, and now sellers can spend their earnings instantly, anywhere Visa is accepted. Investors and friends welcome. Location will be shared upon approval. Request and invite here: https://luma.com/oavskysa

Welcoming Monad Foundation as sponsor to the Raingentic Commerce Hackathon! While participants can use Rain to build on any chain, the best agentic implementation built on Monad will win: ~ a Mac Mini ~ 6 months at The Studio, a Monad builder space in NYC We've also added a technical session on building agentic commerce settlement on Monad. August 8-9, NYC. Hosted with Encode Club. Apply here: https://lnkd.in/gkVCAByT

Rain has never had a down quarter, thanks to the companies that trust our stablecoin infrastructure. We're signing customers faster than we can launch them, and to keep up, headcount has grown from 15 to about 130 in 18 months, with hires prioritized across compliance, product, engineering, and platform. Rain's growth is the product of the entire industry accelerating, and our early bet that stablecoins will simply become money starting to bear out. Our partners come in every size. From the four-person team building agentic payment infrastructure out of a WeWork, to publicly traded market leaders like Western Union, to hypergrowth partners like Whop and Slash executing at an unrelenting pace. And since the GENIUS Act passed, all kinds of companies you wouldn't expect have been coming to us with new ideas. About two-thirds of our signed partners are live today. Many more Rain-powered applications are in the works, some still early, some already full steam ahead. There's a lot of growth in the tank. From Farooq M.'s discussion with Miguel Armaza on Fintech Leaders.

A closer look at scoped cards: stablecoin cards with programmable limits. Each one created for a specific job. Whenever you delegate spending to an employee, a contractor, a vendor, or an AI agent, you decide how much buying power to hand over. Scoped cards build that decision into the card itself. The parameters are set at issuance and enforced by Rain at authorization: max amount, merchant or merchant category, expiration, single-use, and recurring budgets. An employee books a flight to the company offsite on a card capped at $250. A vendor gets paid once, on a card that retires when the charge clears. An agent's card works at approved merchants and nowhere else. Every cardholder completes KYC, the same verification behind all of Rain's card programs. Platform guardrails come standard: caps on active cards and daily spend per user, configurable per partner. The right credential, for the right moment, for exactly as long as it's needed. Learn more here: https://lnkd.in/gCEWEuFE

Calling all startups building for agentic payments. We're opening the first cohort of our Agentic Startup Program, and we're taking five teams. Here's what that includes: 💳 $5,000 in spending credit to test real agentic use cases, whether that's issuing cards for agents to use or covering the fees on virtual accounts. 🤝 A direct line to the team building Rain's agentic payments stack. Biweekly working sessions, standing office hours, and hands-on support as you ship. 📅 Ten structured weeks, from your first payments workflow to graduation. The leading stablecoin payments infrastructure is now available to the teams on the bleeding edge of what agents can do with money. Apply by July 23! The first cohort kicks off August 3rd. https://lnkd.in/gAM7V6MZ