RAIN LAUNCHES EMBEDDED STABLECOIN WALLETS, FILES FOR OCC NATIONAL TRUST CHARTER

Summary from the TLDR Crypto newsletter

Rain launched embedded stablecoin wallets supporting USDC, USDT, and other assets across 12 chains, including Base and Solana, paired with Rain-issued Visa and Mastercard cards accepted at 175 million merchant locations and USD payouts to 80+ countries. The launch follows Rain's acquisition of stored-value platform Ansa two months ago and an OCC national trust bank charter filing eight days prior, moves that shift the customer relationship away from third-party wallet infrastructure providers like Dynamic, Privy, and Turnkey. Rain's full stack spans card processing via Lithic, Episode Six, and Paymentology, direct Visa and Mastercard scheme memberships via Puerto Rico, and receivables financing through Credit Coop. An approved OCC charter would unlock custody monetization on top of a model that combines stablecoin rails with traditional finance licenses to function as a full-service card issuer.