Digital finance provider Currency.com has launched a Visa Platinum card that lets clients fund spending with USDC, the company announced on Thursday.
The card is powered by stablecoin payments firm Rain, which settles transactions with Visa directly in stablecoins. In practice, users hold USDC on Currency.com, spend through the Visa network, and Rain handles the settlement layer behind the scenes.
The product is aimed at high-net-worth individuals and corporate clients. Currency.com said the card offers high transaction limits and removes the need for users to pre-fund balances, move assets between wallets, or manually convert crypto into fiat before making payments.
“Our clients shouldn’t have to think about converting, transferring, or pre-funding. They should be able to move from holding digital assets to spending them globally in a matter of seconds,” said Konstantin Anissimov, Global CEO of Currency.com.
Rain’s infrastructure
Rain is a Visa Principal Member and was valued at $1.95 billion following a $250 million Series C round in January. The company said it facilitates over $3 billion in annualized transactions for more than 200 partners, including Western Union and Nuvei.
The launch comes as stablecoin-linked card spending hits over $18 billion annualized as of January, according to CoinDesk citing Artemis data, while the broader stablecoin market exceeds $308 billion. Visa and Bridge, a Stripe company, announced plans in early March to bring stablecoin-linked cards to over 100 countries by end of year.
Currency.com operates through entities in Poland, the US and Gibraltar, the latter holding a DLT Provider licence from the Gibraltar Financial Services Commission.
