TLDR
- Rain increased active stablecoin cards 30x and payment volume 40x in 2025.
- Rain’s valuation nears $2B after raising $250M to expand globally.
- Dragonfly’s Qureshi says stablecoin cards will reshape payment flows in 2026.
- Bloomberg forecasts stablecoin payments to reach $56.6T by 2030.
Stablecoin-powered cards are on track to play a central role in global payment systems in 2026, according to Haseeb Qureshi, managing partner at Dragonfly. In a recent post on X, Qureshi said that stablecoin cards are expanding rapidly across markets and will shape the way digital assets are used in everyday transactions.
His comments came shortly after Rain, a fintech startup focusing on stablecoin payments, raised $250 million in new funding. The round pushed Rain’s valuation close to $2 billion and marked a key moment in the ongoing development of blockchain-integrated payment tools.
Stablecoin cards could be one of 2026’s biggest adoption stories.
Rain’s $250M raise and 30x user growth highlight the growing demand.
Those who’ll conquer the top spot will focus on seamless, blockchain-powered payments that feel familiar to users: fast, global, and… pic.twitter.com/NEHwNpY12W
— Onur 🍌🦍 (@0xc06) January 10, 2026
Rain reported a 30-times increase in active card users and nearly 40-times growth in annualized payment volume during 2025. This performance positioned it among the fastest-growing fintech firms globally.
Rain Pushes Stablecoin Card Use Through Familiar Payment Experience
Rain’s platform supports several major stablecoins including Tether (USDT) and USD Coin (USDC). These stablecoins operate on multiple blockchain networks such as Ethereum, Solana, Tron, and Stellar. This gives users the ability to make dollar-based transactions globally using a card interface similar to traditional debit or credit cards.
“They don’t even know that it’s crypto under the hood,” said Qureshi. “All they know is that all of a sudden, they can pay people and buy stuff in dollars, any time, anywhere, and it all ‘just works.’”
The company’s approach is to make crypto-backed payments seamless, hiding the blockchain layer behind familiar user interfaces. This makes it easier for consumers to adopt without needing to understand the underlying technology.
VCs See Opportunity Despite Uncertainty in Developed Markets
While there is growing enthusiasm, some venture capitalists remain cautious about mass stablecoin card usage in developed countries. Sheel Mohnot, general partner at Better Tomorrow Ventures, argued that stablecoin cards lack strong user incentives, exclusivity, and a distinct value proposition to replace traditional payment systems.
On the other hand, Mason Nystrom of Pantera Capital believes that stablecoin payment infrastructure offers strong benefits such as instant settlement, faster payouts for merchants, and protection from chargebacks.
“Stablecoin rails are coming for the entire fintech stack,” Nystrom said. “Some incumbents will adopt, other[s] will be wholesale replaced.”
Global Regulation and Institutional Adoption Gain Momentum
Government interest in stablecoin regulation has increased, especially after the GENIUS Act passed in the United States. Canada and the United Kingdom are also working on frameworks expected to launch by or during 2026.
In parallel, more institutions are entering the space. Western Union announced it will introduce a stablecoin-based settlement system using Solana in the first half of 2026. It also plans to release a stablecoin card focused on serving users in emerging markets.
Bloomberg Intelligence projected that stablecoin payment flows could grow at an annual rate of 81%, potentially reaching $56.6 trillion by 2030. This growth is expected to drive further innovation and competition in the payments sector.
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