Rain has launched embedded stablecoin wallets, giving partners the ability to offer native, non-custodial accounts directly to their users.
The wallets, available through Rain’s existing integration, allow users to receive, hold, spend, and transfer stablecoins from one account.
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Custodial wallets and features designed to let users earn on stablecoin balances are expected to be released before the end of 2026, the stablecoin payments platform said in a statement.
Rain said wallet balances can fund Rain-issued cards, which can be used at “175 million merchant locations” worldwide. The wallets also connect with virtual accounts, onramps, offramps, rewards, and payout services.
Rain’s head of product, Pooja Shah, said: “When a company builds with stablecoins, the first thing its users need is a place to hold them.
“Rain wallets are that place. Because they are integrated into the broader Rain stack, every balance is ready to use the moment it arrives. Partners can get all of it from Rain, or keep the wallet they have and plug it into everything else we run.”
Rain non-custodial wallets support 12 blockchain networks: Arbitrum, Avalanche, Base, BNB Smart Chain, Celo, Ethereum, Monad, Plasma, Optimism, Polygon, Solana, and ZKsync.
The wallets can hold USDC, USDT, other stablecoins, and other crypto assets across supported networks. Rain said available functionality may vary by blockchain.
Users can access non-custodial wallets through passkeys or codes sent by email or phone, rather than through seed phrases.
Non-custodial Rain wallets are now available to the company’s partners. Rain expects to introduce custodial wallets and additional stablecoin earning features by the end of the year.
The company said users can access Rain services without a wallet, as its cards and other offerings work with infrastructure that partners already use, including third-party non-custodial wallets.
Rain is a Visa and Mastercard Principal Member.
Last month, the company expanded its global money movement technology platform, enabling partners to support payouts to more than 80 countries in 50 currencies. The network is expected to reach 95 countries and more than 60 currencies by the end of the year.
The stablecoin payments platform has also formed a coalition to help shape standards for agent-driven commerce.
The initiative, called the Agentic Payments Alliance (APA), includes Visa, Mastercard, Fiserv, Circle, Solana, and Remitly among its founding members.
Further, Rain has applied to the Office of the Comptroller of the Currency (OCC) this month to establish a New York-headquartered national trust bank.
