Rain, the global stablecoin payments platform, announced Rain wallets, embedded stablecoin wallets that partners can offer their users inside their own apps, with the ability to earn on balances to follow by end of year. The wallet is the account at the center of Rain’s platform. It is accessible through the same integration that issues the card, powers rewards, and supports money movement, so a user can get paid, save, spend, and send from one balance.

Companies bringing stablecoins to their users want them to work the way any other money does. For that to happen, a stablecoin balance needs to connect to everything a user wants to do with it. Rain wallets put that balance at the center of Rain’s platform, so the full life cycle of money runs in one place, from the moment it arrives to the moment it is spent or sent.

Consider a freelancer in Mexico paid by a U.S. client. Her pay is sent in dollars to her virtual account and lands in her Rain wallet as stablecoins, with no manual conversion. She can spend that afternoon at any of the 175 million merchant locations where her Rain-issued card is accepted, or she can access additional ways to earn on balances directly in her app. When she needs pesos, she can send them straight to her local bank account using Rain’s global payouts. The entire experience lives inside one app, and it’s all powered by Rain’s infrastructure.

“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.

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