{
  "id": 2004473,
  "title": "Rain CEO Says Merchants Receive Stablecoin Payments Without Knowing It",
  "url": "https://urgent.news/2026/08/19/rain-ceo-says-merchants-receive-stablecoin-payments-without-knowing-it",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T19:54:06.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/blockchain/2026/rain-ceo-says-merchants-receive-stablecoin-payments-without-knowing-it/"
  },
  "original_language": "en",
  "account": "Rain's CEO Farooq Malik informed The Block that numerous merchants remain unaware they are receiving payments in stablecoin, according to a report published on August 19. Rain's platform enables stablecoin transactions that clear through Visa's network within approximately three days, as per the report. Over 100,000 merchants currently accept these payments unknowingly, stated Malik, as reported by PYMNTS. In a September interview with PYMNTS CEO Karen Webster, Malik explained that the current surge in stablecoin development is primarily about integrating stablecoins into existing networks rather than creating consumer apps. This method allows payment service providers to maintain the merchant experience while reducing operational costs, enables banks to utilize tokenized dollars for managing intraday liquidity, and facilitates multinational companies in streamlining intercompany transfers. Rain's strategy revolves around providing those who prefer a stablecoin-native experience with that option, while seamlessly upgrading the rest for merchants. Malik affirmed that card networks have implemented a risk shift framework, chargeback modality, and dispute adjudication that offer the same protections as traditional payment cards. A month prior to the interview, Rain secured $58 million in Series B funding to bolster its global stablecoin infrastructure platform and services. This followed a $30 million Series A round, totaling $88.5 million in funding. Rain markets its technology as a solution for enterprises, neobanks, platforms, and developers to transfer, store, and utilize stablecoins quickly and compliantly through global payment cards, on/offramps, wallets, and cross-border rails. Malik emphasized that stablecoins are becoming the backbone of global commerce, citing the GENIUS Act in the US and the Markets in Crypto-Assets Regulation (MiCA) in Europe as catalysts for enterprise interest in stablecoins.",
  "summary": "With stablecoins increasingly moving through existing payment networks, many merchants don’t know they are receiving stablecoin payments, Rain CEO Farooq Malik told The Block, according to a report posted Wednesday (Aug. 19). Rain facilitates stablecoin payments that settle through Visa’s payment network in about three days, according to the report. More than 100,000 merchants currently receive…",
  "key_points": [
    "Rain CEO Farooq Malik says merchants unaware of stablecoin payments",
    "Over 100,000 merchants accept payments unknowingly, report says",
    "Rain's stablecoin platform integrates with Visa network in 3 days"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}