CEO Rain: Stablecoin payments have reached more than 100,000 merchants, and most of them are unaware

Comparing news, according to The Block, Farooq Malik, CEO of crypto payment company Rain, said that through cooperation with Visa and other networks, stable coin payments facilitated by Rain have reached more than 100,000 merchants, and most merchants are unaware. Currently, it takes about 3 days for transactions to be settled through the Visa network. If merchants choose to settle directly with stablecoins, they can be settled on the same day.

Rain completed Series C financing of 250 million US dollars in January, with a post-investment valuation of 1.95 billion US dollars, an annualized transaction volume of over 3 billion US dollars, and cooperated with Visa and Mastercard to launch stablecoin cards and wallets. It plans to explore the use of regulated stablecoins for on-chain settlement in some business processes.

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