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The new wallet is something Rain’s partners can offer within their own apps, with the ability to earn on balances expected to arrive by the year’s end, the company said in a Tuesday (Oct. 13) news release.

“The wallet is the account at the center of Rain’s platform,” the release said. “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.”

Rain said that companies offering stablecoins to their users want them to function the way any form of money does, which means “a stablecoin balance needs to connect to everything a user wants to do with it.”

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The company cited the example of a freelancer in Mexico who is paid by a U.S. client in dollars, which arrives in her Rain wallet as stablecoins. She can spend anywhere her Rain-issued card is accepted or—when she needs pesos—send them directly to her local bank account with Rain’s global payouts, within Rain’s app.

“When a company builds with stablecoins, the first thing its users need is a place to hold them,” said Pooja Shah , Rain’s head of product. “Rain wallets are that place. Because they are integrated into the broader Rain stack, every balance is ready to use the moment it arrives.

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