---
title: "Rain"
slug: "rain"
status: "active"
last_checked: "2026-07-05"
categories:
  - "money"
---

# Rain

Rain is a stablecoin payments platform that lets enterprises issue cards, manage digital dollar accounts, and add spend controls for AI agents.

- Status: active
- URL: https://www.rain.xyz/
- Last checked: 2026-07-05
- Freshness: 1 days
- Founded: 2021
- Funding: Raised a $250M Series C led by ICONIQ at a $1.95B valuation in January 2026, after a $58M Series B and a $24.5M Series A.


## Editorial

Rain is a stablecoin card issuing and payments platform for enterprises, not an agent-first product, but its June 2026 Agent Control Layer adds explicit spend guardrails and scoped virtual cards for AI agents on top of its existing card and account infrastructure.

## Offerings

### Money

- Offering status: live
- What you get: Businesses can issue scoped virtual cards backed by stablecoin balances to AI agents, with programmatic controls on merchants, amounts, frequency, active card counts, and expiration set before an agent can transact.
- Acquisition: sales_led
- Geographies: not published
- Pricing: not published
- Pricing URL: not published
- API: yes
- SDK: not published
- MCP: not published
- Standards: not published

| Field | Value |
| --- | --- |
| offering_type | card, rail |
| custody_model | hybrid |
| partner_bank | SSB (Customers Bank), Member FDIC; card issuance via Third National under license from Visa; Rain is a Mastercard Principal Member |
| fdic_passthrough | not published |
| rails | not published |
| spend_controls | approved merchant category codes, approved merchants, transaction amount limits, frequency limits, active card quantity caps, card expiration settings, approved counterparties, timing restrictions |
| fees | not published |
| who_can_open | Enterprises, neobanks, platforms, and AI agent operators building agentic payment or card issuing programs, onboarded via sales. |

### Money

- Offering status: live
- What you get: Businesses can open USD and MXN virtual accounts with persistent account and routing details that auto-convert deposits between fiat and stablecoins, supporting ACH, Fedwire, and SPEI transfers.
- Acquisition: sales_led
- Geographies: not published
- Pricing: not published
- Pricing URL: not published
- API: yes
- SDK: not published
- MCP: not published
- Standards: not published

| Field | Value |
| --- | --- |
| offering_type | account |
| custody_model | hybrid |
| partner_bank | SSB (Customers Bank), Member FDIC |
| fdic_passthrough | yes |
| rails | ACH, Fedwire, SPEI |
| spend_controls | not published |
| fees | not published |
| who_can_open | Businesses and their end users, subject to KYC/KYB, sanctions screening, and ongoing AML and transaction monitoring. |

## Sources

- https://www.rain.xyz/
- https://www.rain.xyz/cards
- https://www.rain.xyz/product/virtual-accounts
- https://www.rain.xyz/product/payments
- https://www.prnewswire.com/news-releases/rain-releases-agent-control-layer-bringing-programmatic-spending-guardrails-to-agentic-payments-302794541.html
- https://www.rain.xyz/resources/rain-raises-250m-series-c-to-scale-stablecoin-powered-payments-infrastructure-for-global-enterprises