Rain CEO Says Merchants Receive Stablecoin Payments Without Knowing It

# Rain CEO Says Merchants Receive Stablecoin Payments Without Knowing It

> Evidence tier: B1
> Evidence type: PYMNTS report relaying a named Rain executive interview and earlier direct PYMNTS interview
> Source: [PYMNTS](https://www.pymnts.com/blockchain/2026/rain-ceo-says-merchants-receive-stablecoin-payments-without-knowing-it)
> Published: 2026-08-19
> Captured: 2026-08-20T01:41:00.481Z

## Source summary

PYMNTS reports that Rain CEO Farooq Malik told The Block that more than 100,000 merchants receive stablecoin-funded card payments without needing to know the funding asset. Malik said Rain routes the payments through Visa's network with settlement in about three days, while preserving familiar card refunds, chargebacks and dispute handling for merchants and customers.

## Why it matters

The model shows how stablecoins can change issuer and settlement infrastructure without forcing merchants to add a new checkout method. The merchant count and settlement time are Rain executive claims relayed through another publication; the report does not disclose geography, transaction value, issuer count, fees, failure rates, card-network data or an independent comparison with conventional settlement.

## Key numbers

- **Merchants Rain's CEO says receive the payments:** 100,000+
- **Settlement time described by Rain:** about 3 days

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: Rain / Visa
- Web3 payments
- Cross-border payments
- Payment infrastructure

## Evidence and credibility note

PYMNTS report relaying a Rain executive interview published by The Block and adding an earlier direct PYMNTS interview. The 100,000-merchant and three-day figures are executive claims, not independently audited network statistics.

Date evidence: Automatically verified from article:published_time: 2026-08-19T19:54:06+00:00

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original PYMNTS report](https://www.pymnts.com/blockchain/2026/rain-ceo-says-merchants-receive-stablecoin-payments-without-knowing-it)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.