In September, Rain Card reached $146M in transfer volume from collateral deposits.
@raincards is a payment project that offers stablecoin-based cards for self-storage and spending of digital assets anywhere @Visa is accepted.
The main flow of deposits goes through the Ethereum chain, which is $95M, followed by Polygon with $32M, and Base with $9M.
The most active asset for deposits and payments is USDC, which accounted for $116M in September, followed by USDT and a small portion in AVAX.
However, the number of active collateral addresses constantly changes and varies from 50 to 95 addresses per month.
What are Rain collateral addresses?
Rain cards collateral addresses are partner addresses in which Rain acts as a card issuer. The list of collateral addresses includes projects such as @KoloHub, @KASTcard, @TakenosApp, @ether_fi Cash, @somosmeru, @dakota_xyz, @avax card, @OfframpXYZ, @OrbitX_Pay, and @wallbit_app.
Rain Cards is growing rapidly and has already established itself as the leading card issuer in the market.