"Stablecoin payments facilitated by Rain are already reaching more than 100,000 merchants without them knowing it, according to CEO Farooq Malik, as stablecoins move through existing payment networks. Malik discussed Rain’s work on agentic payments, including “scoped cards” designed to give AI agents controlled authority to transact on behalf of users. The approach can impose controls such as minimum and maximum balances and limits on how much an agent can spend, allowing users to set the scope of delegated payment authority."