Defi
Rain Seeks US Trust Bank Charter for Stablecoin Issuance
The Defiant·October 6, 2026·1 min read
Rain is seeking a US trust bank charter for stablecoin issuance. The proposed subsidiary would hold client assets and manage stablecoin reserves, but would not accept deposits or make commercial loans. This charter would enable Rain to operate as a regulated stablecoin issuer.
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