Stablecoin card spend is growing 100% year over year, Rain exec says

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Volume (24h): -

Resistance Levels

Resistance 3$1.0219

Resistance 2$1.017

Resistance 1$1.0009

Price$1.0008

Support 1$1.0008

Support 2$0.9853

Support 3$0.9706

Pivot (PP):$1.0009

Trend:Uptrend

RSI (14):54.8

CoinDesk Staff

(10:11 AM UTC)

1 min read

Stablecoin settlement enables weekend/holiday settlement, reducing trapped capital by over 40%. This improves card economics and financial flexibility for issuers.

Stablecoin-based cards could soon account for double-digit percentages of all cards in some Latin American markets, John Timoney, head of strategic partnerships at Rain, a payments infrastructure platform, said.

Retail stablecoin card…

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