Plasma, a popular network designed for institutional-grade stablecoin payments has partnered with Rain (Also known as Rain Cards). The company announced the partnership on Wednesday through a post on its official X page.
According to the announcement, the initiative will see Rain launch its crypto cards on Plasma. By that, the platform said more than 150 million merchants across the globe will now accept the Plasma USDT.
More so, the stablecoin firm narrated how the synergy will tear down technical barriers and make the digital dollar more available worldwide. It is worth mentioning that Rain is a recognized card issuance platform with a user base across many jurisdictions.
The company has a vast network system that consists of Fintechs, exchanges, and neobanks, with the focus of making stablecoins available for use worldwide. Therefore, Plasma aims to tap into these resources and empower developers with the tools to make stablecoins relevant in day-to-day transactions.
Furthermore, the firm emphasized that stablecoins are becoming an integral part of global commerce. Plasma stated that it joined forces with Rain to establish a new infrastructure for the new financial system.
Plasma added that by combining its stablecoin rails and Rain’s card insurance infrastructure, the two partners will redefine the flow of money.
Side note on Plasma and Rain
Meanwhile, the collaboration emanated shortly after Rain Cards completed a $58 million Series B funding round led by Sapphire Ventures. Rain, through a statement disclosed that top investment ventures like Samsung Next, Dragonfly, Galaxy Ventures, Endeavor Catalyst, Lightspeed, and Norwest also participated in the funding round.
Rain highlighted how regulations like the GENIUS Act in the US and MiCA in Europe have increased institutional investors’ interest in stablecoins. In recent times, the firm has raised funds through funding rounds to bolster its offerings in a bid to become an industry leader in the stablecoin space.
Recall that in March 2025, Rain also raised $24.5 million. So far, during the year, the company has recorded $88.5 million financial injection. Likewise, in July, Plasma grabbed the headlines after raising $373 million through a public token sale for its native crypto, $XPL.
The figure surpassed the $50 million that the project team intended to raise, creating serious buzz within the crypto community. Thanks to the success of the campaign, Plasma is already attracting more users with the promise of offering zero-fee stablecoin transactions.
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