Rain, a blockchain-based card issuer, has announced a strategic partnership with Visa to offer debit and credit cards that facilitate transactions using stablecoins and other cryptocurrencies. This initiative follows Rain's collaboration with Avalanche, enabling payments via the AVAX token and stablecoins.

The company aims to broaden global access to digital dollar services by utilizing the $24.5 million raised in a funding round led by Norwest Venture Partners. This capital will support team expansion, technology development, and regulatory compliance. Rain's infrastructure allows it to offer digital dollar services globally, catering to the increasing demand for cross-border payments.