According to CoinDesk, Rain’s stablecoin card retail consumption grew 105%-106% year-over-year, with the payment infrastructure platform expecting double-digit market share in select Latin American markets. The cards allow users to spend USDT, USDC, and other stablecoins directly via Mastercard networks for daily purchases, with merchants typically settling in fiat currency. Rain noted that weekend and holiday settlement via stablecoin card clearing has reduced capital reserves by over 40% for some projects, improving capital efficiency for card issuers.
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