Rain Expands Global Payouts to More than 80 Countries in 50 Currencies

Payouts build on Rain’s existing money movement technology, which enables partners to offer virtual accounts, onramps, and offramps and give users even more ways to spend stablecoins

Key facts

• Rain’s expanded global payouts capability broadens its money movement technology.

• Rain’s partners can now support payouts to more than 80 countries in 50 currencies from stablecoins, with expansion to 95 countries and more than 60 currencies by the end of the year.

• Global payouts support business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and consumer-to-business (C2B) transactions, whether a partner is sending funds to their own account or to someone else’s.

• Global payouts are available now for select beta partners, with broader availability expected by the end of the year.

Rain, the enterprise-grade infrastructure for stablecoin payments, announced an expansion of its global money movement technology platform, enabling partners to send payouts to more than 80 countries in 50 currencies, and plans to reach 95 countries and more than 60 currencies by the end of the year. The expanded capability gives Rain’s partners one way to pay others in the currency they actually use, from a single stablecoin balance. It supports business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and consumer-to-business (C2B) payouts, whether a partner is sending funds to their own account or to someone else’s.

Rain’s global payouts capability closes the last-mile gap for stablecoins by connecting onchain infrastructure with legacy rails. Partners fund payouts directly from the stablecoin balances they already hold, and Rain orchestrates the conversion of stablecoins to local currency through licensed partners.

Stablecoin cards were Rain’s original answer to making stablecoins spendable in the real world. The purchase is authorized like any other card transaction at the point of sale, but behind the scenes, Rain settles with the card networks in stablecoins, while the merchant gets paid in fiat. But card transactions represent just one way users want to use their stablecoins. A business in Bogotá still needs to pay a supplier in Lisbon. A contractor in Buenos Aires still needs pesos to pay their landlord for rent.

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An expansion across pay-ins and payouts

Virtual accounts already let partners move money between fiat and stablecoins, covering both pay-ins and payouts. Rain’s global payouts extend the payout side of that stack to local currencies and local rails in more than 80 countries.

Together, the two capabilities mean a partner can bring pesos onchain through a virtual account in Mexico, hold them as stablecoins, and separately initiate a payout to a vendor in Argentina. Once the payout is initiated, a licensed partner would deliver Argentine pesos to the recipient’s bank account.

“Partners don’t want to stitch together several vendors every time they need to pay someone in a new country,” said Charles Yoo-Naut, CTO and co-founder of Rain. “They want one platform that powers the whole flow of funds, from stablecoins to local currency, wherever that money needs to land. Rain’s global payouts product is the next step in building that platform.”

Built for how partners actually move money

Rain built global payouts around the flows its partners already need it for:

• Neobanks can offer money movement and payments services to their own consumer or business customers, without building and maintaining local banking relationships in every market themselves.
• Marketplaces can pay a global base of sellers and drivers in their local currencies from a single stablecoin balance instead of prefunding an account in every country they operate in.
• Contractor platforms can distribute payments to freelancers across borders, regardless of where they live.
• Businesses can pay suppliers abroad from their onchain balance without requiring that vendor to accept stablecoins.

Settlement time depends on the rail and the destination. Many corridors settle in real time, others take up to two business days.