$ETH Rain CEO says stablecoin payments hit 100,000 merchants via Visa rails
Rain CEO Farooq Malik told The Block that stablecoin payments now reach more than 100,000 merchants without their awareness, with transactions settling through Visa in three days.
The supply-framed milestone signals a shift in how stablecoins enter commerce. Rather than convincing merchants to add new checkout options, issuers and infrastructure providers are embedding settlement into rails businesses already use.
What triggered the move
Malik attributed the scale to partnerships with payment processors that sit between card networks and blockchain settlement layers. These processors absorb volatility risk and handle compliance, letting merchants accept cards while stablecoins move underneath.
Watch $ETH for the next session - if this move holds, it changes the read.
$ETH #ETH #Stablecoins #CryptoNews
Rain CEO Farooq Malik told The Block that stablecoin payments now reach more than 100,000 merchants without their awareness, with transactions settling through Visa in three days.
The supply-framed milestone signals a shift in how stablecoins enter commerce. Rather than convincing merchants to add new checkout options, issuers and infrastructure providers are embedding settlement into rails businesses already use.
What triggered the move
Malik attributed the scale to partnerships with payment processors that sit between card networks and blockchain settlement layers. These processors absorb volatility risk and handle compliance, letting merchants accept cards while stablecoins move underneath.
Watch $ETH for the next session - if this move holds, it changes the read.
$ETH #ETH #Stablecoins #CryptoNews