# Rain applies for a US trust bank charter to hold stablecoin reserves as Kraken's parent joins Singapore Gulf Bank's round-the-clock dollar network

Stripe separately plans stablecoin-linked cards in more than 100 countries by year-end. Total stablecoin supply stands at $314 billion, of which Tether accounts for $184 billion.

- Published: 2026-10-06T05:32:21.128Z
- Canonical: https://polylog.news/crypto/2026-10-06/rain-applies-for-a-us-trust-bank-charter-to-hold-stablecoin
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/rain-seeks-u-s-trust-bank-amid-crypto-charter-lawsuit/), [CryptoSlate](https://cryptoslate.com/kraken-parent-joins-singapore-gulf-bank-opening-24-7-institutional-dollar-rails/), [CoinDesk](https://www.coindesk.com/business/2026/10/01/stripe-to-expand-stablecoin-cards-to-over-100-countries-by-the-end-of-the-year), [Bitcoin Magazine](https://bitcoinmagazine.com/videos/caitlin-long-fiscal-dominance-stablecoins-the-macro-case-for-bitcoin), [Cryptowisser](https://www.cryptowisser.com/news/us-banking-lobby-lawsuit-occ-crypto-trust-charters/)

Rain, a stablecoin card and payments company, has applied for a US trust bank charter that would let it custody digital assets, manage stablecoin reserves and issue dollar-backed stablecoins. The application comes while the banking industry…

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