Rain, a global stablecoin payments platform, has introduced its own embedded wallets. Partners can now offer them to users directly inside their apps.
By the end of the year, the company plans to add the ability to earn yield on stablecoin balances held in Rain wallets.
In essence, the wallet becomes the central element of Rain’s entire ecosystem. Through the same integration that issues cards, runs loyalty programs, and handles transfers, a person can receive money, hold it, spend it, and send it, all from a single balance.
The idea is straightforward. Companies that introduce stablecoins want these funds to work as naturally as ordinary money. To achieve that, the balance needs to be connected to everyday actions. Rain wallets solve this by keeping the full journey of funds, from arrival to spending or withdrawal, in one place.
Take the example of a freelancer in Mexico who receives payment from a client in the United States. The money arrives in dollars to a virtual account and immediately appears in the wallet as stablecoins. That same day, the person can pay with a Rain card at any of the 175 million merchant locations worldwide. If pesos are needed, the funds go straight to a local bank account through the company’s payout system. All of this happens inside one app.
“When a company builds with stablecoins, the first thing its users need is a place to hold them,” said Pooja Shah, Head of Product at Rain. “Rain wallets are that place. Because they are integrated into the broader Rain stack, every balance is ready to use the moment it arrives. Partners can get all of it from Rain, or keep the wallet they have and plug it into everything else we run.”
Funds can arrive in the wallet via a virtual account or on-ramp, top up a card, be used, and be sent to a bank account in local currency without ever leaving the partner’s app. For businesses, this means working with a single provider that covers the full cycle of money movement.
At the same time, the infrastructure remains open. If a partner already has its wallet, it can still be connected to Rain’s cards, loyalty programs, on-ramps, and payouts. The wallets themselves support USDC, USDT, other stablecoins, and crypto assets across twelve blockchains, including Ethereum, Solana, Base, Polygon, Arbitrum, and others. This gives partners the freedom to choose the networks and assets that best suit their needs.
Authentication is simple: users sign in with a passkey or a code sent to their email or phone. There is no need to remember seed phrases. Non-custodial versions, where users retain control of their keys, are already available. Custodial wallets and the ability to earn on balances will follow by the end of the year.
Rain positions itself as infrastructure for enterprises, neobanks, platforms, and developers. The company is a principal member of both Visa and Mastercard and issues cards accepted in more than 220 countries.
