The deal, announced on August 12, brings a decidedly old-school product, fiat-denominated stored-value balances, into a company built on crypto rails. Now, with Rain’s principal membership in both Visa and Mastercard, those same prepaid balances can extend across a much wider merchant ecosystem. The underlying settlement, though, can now run through Rain’s stablecoin pipes. In November 2025, the company purchased Uptop, an on-chain rewards platform that added card-linked loyalty capabilities to Rain’s product suite. Rain’s target verticals reportedly include sports and hospitality, two sectors where branded wallets and prepaid balances are a natural fit.