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

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…