New integrations expand Rain’s multi-chain support, enabling partners to easily launch stablecoin-powered card programs across even more blockchains simultaneously

NEW YORK, May 29, 2025 /PRNewswire/ — Rain, the global card issuing platform powered by stablecoins, today announced native support for Solana, Tron, and Stellar, expanding its mission to build modern financial infrastructure that is more accessible, programmable, and global. With these integrations, Rain enables partners built on top of Solana’s high-throughput infrastructure, Tron’s stablecoin-rich ecosystem, and Stellar’s remittance-oriented network to quickly launch compliant card programs and bring stablecoin utility to real-world payments, including consumer and B2B spending, cross-border disbursements, and platform payouts.

Rain is the only Visa Principal Member that allows partners to deploy and manage programs across multiple blockchains simultaneously. This capability is available out of the box, supporting both custodial and non-custodial wallets. It dramatically simplifies how exchanges, fintechs, neobanks, and platforms issue cards that work globally—instantly enabling stablecoins to be used at over 150 million merchants that accept Visa.

“Quickly developing solutions that meet our partners’ needs is all part of Rain’s commitment to building financial infrastructure that is more global, open, and efficient,” said Charles Yoo-Naut, CTO and Co-founder of Rain. “By offering native support for Solana, Tron, and Stellar, we’re introducing our solution to even more ecosystems, allowing partners to build scalable, stablecoin-powered card programs that make payments better for everyone.”

One example is KAST, a neobank app built on Solana that works with Rain to offer branded cards that let users spend stablecoins natively from their wallets. With its fast, low-cost architecture, Solana allows KAST to build seamless, real-time payment experiences for its growing user base across global markets.

Another example is Offramp, a fintech platform built on Tron and partnering with Rain on its card program. Offramp is on a mission to provide greater financial freedom for people around the world, with a strong presence in Latin America. Through a Rain-issued Visa card, users are empowered to use digital dollars anywhere Visa is accepted—making onchain assets usable in the real world.

These new integrations come in response to rising demand from platforms seeking to enable seamless stablecoin-linked spending and expand card access across ecosystems. Rain already supports Arbitrum, Optimism, and Polygon, and this expansion reinforces Rain’s leadership in offering multi-chain, stablecoin-native card infrastructure.

Rain recently raised a $24.5 million Series A round in March. Today’s announcement marks another step in Rain’s rapid growth and commitment to deploying capital to support new partners, scale its global footprint, and meet the accelerating demand for programmable payments worldwide.

About Rain: Rain is a global card issuing and payments platform powered by stablecoins. As a Visa Principal Member, Rain enables partners to launch branded card programs quickly and compliantly—without relying on third-party banks or fragmented infrastructure. Rain’s developer-friendly API offers a fully customizable, full-stack issuance solution that supports both custodial and non-custodial wallets and operates natively across multiple blockchain networks. Rain-issued cards are accepted at over 150 million merchants worldwide, making digital assets instantly usable anywhere Visa is accepted. Trusted by industry leaders, Rain is rebuilding essential financial infrastructure to allow money to flow more efficiently across the globe. Learn more at https://www.rain.xyz/

Media Contact:
Lucas Piazza
Marketing Lead, Rain
[email protected] 

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LONDON, May 29, 2025 /PRNewswire/ — Wirex Limited, a UK regulated- payments platform and card issuer, has appointed Chet Shah as its new Chief Executive Officer.

After three transformative years as the Chief Risk & Compliance Officer (CRCO) – during which he built a best-in-class team and significantly strengthened the firm’s risk and compliance functions – Chet will now lead the company into a new era of growth, responsibility, and innovation.

The appointment highlights Chet’s exceptional commercial and regulatory strengths at a time when the UK payments industry is undergoing rapid innovation alongside increasing regulatory oversight. Following the company’s 10-year anniversary, founders Pavel Matveev and Dmitry Lazarichev expressed their full confidence in Chet’s leadership as Wirex Limited enters its next chapter.

“Chet’s deep understanding of both the regulatory environment and commercial strategy has already made a lasting impact at Wirex Limited. His appointment as CEO is a natural progression, and I have every confidence that his leadership will unlock the company’s full potential as we scale to new heights”, said Pavel Matveev, Co-Founder of Wirex.

“I am thankful to Pavel and Dmitry for their dedication in building a robust business, and I look forward to leading Wirex Limited through its next phase of growth. The UK is an important market for Wirex and my primary goal will be to work with key stakeholders to ensure we offer a best-in-class suit of products and services”, said Chet.

A Bold Strategic Plan for a Competitive Market

The UK payments sector is dynamic, competitive, and fast evolving. Under Chet’s leadership, Wirex Limited is set to become a formidable force – one that is safe, sustainable, and strategically prepared.

In response to both opportunities and challenges ahead, Chet has unveiled a Strategic Business Plan built around five core pillars:

–       Strategic Growth

–       Customer Service Excellence and Trust

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–       Regulatory Compliance

–        Environmental, Social, and Governance

–       Stakeholder Communication

Each pillar is designed to help Wirex Limited expand its footprint, deepen customer trust, and foster innovation within a compliant and responsible framework.

“The UK payments market is full of talent and innovation. As CEO of Wirex Limited, I am excited to lead the company as it navigates a complex path with the ultimate goal of making Wirex Limited the go-to UK EMI for customers,” said Chet.

Growth with Purpose

Wirex Limited’s strategic plan focuses on the sustainable expansion of its offerings. Building on its strengths, the company will introduce new features that aim to bridge traditional finance with cutting-edge innovation – all while upholding regulatory integrity.

Customer service will be enhanced, with a focus on operational excellence and educational resources. A Customer Transparency Report will be published regularly to ensure accountability.

“Having successfully built a team of extremely talented risk and compliance experts, I am excited to leverage my expertise and experience in growing Wirex Limited to be a highly respected, safe and sustainable success, trusted by staff, customers and regulators,” said Chet.

Looking Ahead

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With Chet at the helm, Wirex Limited is poised for sustainable, long-term success. His leadership signals a renewed focus on innovation, transparency, and customer trust – ensuring the company not only grows, but sets a new standard for excellence in the UK payments industry.

Notes to editors:

About Wirex

Wirex Limited is part of Wirex Holdings. Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly.  As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.

| wirexapp.com |

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KUALA LUMPUR, Malaysia, May 29, 2025 /PRNewswire/ — China, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) are ramping up efforts to enhance regional economic cooperation and stabilize industrial and supply chains. From the China-ASEAN Economic Forum to the ASEAN-China-GCC Economic Forum and the upcoming 3rd China International Supply Chain Expo (CISCE), these multilateral initiatives are injecting fresh momentum into the global economic recovery. 

On May 26, the ASEAN-China Economic Forum convened nearly 200 representatives from the public and private sectors. CCPIT Chairman Ren Hongbin stressed the importance of recent agreements between China and ASEAN, especially with Malaysia, to deepen cooperation through the Belt and Road Initiative (BRI) and the Regional Comprehensive Economic Partnership (RCEP).

ASEAN representatives widely recognized the significant potential for China-ASEAN cooperation in technology innovation and industrial collaboration. Malaysia and other ASEAN countries expressed their intention to participate in the upcoming 3rd CISCE, working together to build an open, stable regional supply chain network.

With 50 days remaining until its opening, the 3rd CISCE has attracted global attention as the world’s first national-level supply chain expo. Previous editions generated over RMB 300 billion in commercial transactions, with this year’s expo expected to draw hundreds of global companies. A newly established “Innovation Chain Zone” will feature high-value intellectual property and emerging technologies.

Michael Hart, president of the American Chamber of Commerce in China, recently urged U.S. companies to take part, underscoring CISCE’s unique value in a fragmented global trade landscape. Chairman Ren described the expo as “an oasis of cooperation in an uncertain world,” designed to connect global businesses through integrated, sector-specific solutions. 

The 2025 edition will retain its six principal focus areas while introducing new models to support global supply chain resilience. 

The first ASEAN-China-GCC Economic Forum, held from May 27 to 28 in Kuala Lumpur, advanced regional collaboration. Ren led a delegation of over 30 executives from China’s energy, artificial intelligence, and infrastructure sectors, holding talks with ASEAN and GCC officials, resulting in multiple cross-border cooperation memoranda of understanding. 

From low-carbon ice cream to pioneering compressed air energy storage technology, CISCE has established itself as a global launchpad for commercial innovations. At a time of growing trade protectionism, CISCE stands out as a venue for transparent, rules-based cooperation, and is positioned to play a key role in reshaping interregional supply chain dynamics. 

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