Farooq Malik: Chain stablecoin payments have covered over 100000 merchants

According to The Block, Rain CEO Farooq Malik stated that through partnerships with networks such as Visa, Rain's stablecoin payments have covered over 100000 merchants. Rain completed a $250 million Series C financing in January, with a post investment valuation of $1.95 billion and an annualized transaction volume exceeding $3 billion. It has also partnered with Visa and Mastercard to launch stablecoin cards and wallets, and plans to explore the use of regulated stablecoins for on chain settlement in some business processes.