Stablecoin startup Rain is worth $1.95 billion and plans to issue cards with Mastercard in a push to woo institutional customers

Rain, a stablecoin startup, has reached a valuation of $1.95 billion and plans to partner with Mastercard to issue cards, targeting institutional customers. This move aims to expand Rain's presence in the financial sector. The partnership will enable Rain to offer its services to a broader range of clients.