Live entertainment inspires some of the most devoted fans in the world. This partnership with Insomniac opens up new ways to recognize that loyalty and deliver rewards that feel meaningful to fans. It’s also another sign of stablecoins crossing the chasm. One of the biggest names in live entertainment is putting tokenized money to work in a practical way, while keeping the technology behind the scenes. More to come.

Rain will be at @money2020 in full force. October 18–21 at The Venetian in Las Vegas. Our team will be on the ground talking stablecoin cards, embedded wallets, money movement, and agentic payments. You can also find us off the expo floor. ↓

The consumer always comes first. The MoneyGram Card brings together MoneyGram, @raincards, @StellarOrg and @crossmint around one goal: making what happens after the money arrives more useful. @AnthonySoohoo explains on @BloombergTV 👇

Most people know Rain for stablecoin cards. They let people spend stablecoins at 175M merchant locations, without the merchant needing to know stablecoins are involved. Global Payouts apply the same idea beyond the point of sale. Partners can fund payments from a stablecoin balance, while recipients get local currency directly in their bank accounts. They never need to know stablecoins were involved either. It's another way we're making stablecoins compatible with the global financial system, as a precursor to mass adoption.

Within five to ten years, @rooqster believes, stablecoin legislation spreads country by country and businesses fully grasp what tokenized money already is. First it becomes legal tender. Then table stakes. Every business, enterprise or small, will need a partner to handle it. Money isn't a feature of a business, in Malik's view. It's the business, its actual life. He's building @raincards to be that partner before the shift happens, not after.

"Money quantifiably is larger than AI. It's larger than food. It's larger than oil and gas. It's larger than municipal water supplies, government spending, defense. It's all of these combined." @rooqster is the co-founder of @raincards, a $1.95 billion company building financial infrastructure that lets businesses issue cards, extend credit, and settle payments using stablecoins instead of traditional banking rails. He believes the market for moving money is too large for any single company, including Stripe, to capture alone. (2:46) An overview of Rain and global-first financial infrastructure (18:46) The economic opportunity of a more efficient monetary system (22:06) How Farooq’s childhood as an immigrant shaped him (29:11) Lessons from Farooq’s career before founding Rain (42:18) Why Rain bet on stablecoins (54:30) Rain’s approach to hiring and management (1:05:54) Rain’s most critical mantras (1:12:30) Final meditations Thank you to the partners who make this possible @brexHQ: The intelligent finance platform:

Much of the financial system still runs on plumbing from the 1970s, or earlier. A big part of what we're doing at Rain is upgrading the pieces that are showing their age. All while keeping in place what works. The team wrote a deep dive on what that looks like in card payments, and why it matters.

For 175 years, Western Union's relationship with a customer ended the moment cash was received. Now it continues after the money lands. Remittances arrive as USDPT on @solana and can be spent anywhere Visa is accepted. For many recipients, it's their first access to digitally native financial services. Now delivered by a brand they trust. Supporting the Stablecard initiative meant proving durability, scale and compliance that met the standards of one of the most regulated companies in the world. Rain was built for this.

Stablecoin cards just reached feature parity with traditional programs. Rewards are now built into Rain's issuing stack. Combined with blockchain-native capabilities, it's the best of both worlds for our partners and their customers. Onwards.

Great opportunity to work with one of the best people in the business. Rob has been a great thought partner as we’ve built Rain and the Dragonfly team overall have been great at making high conviction bets. Great place for an ambitious investor.