Slash Financial, a banking platform, has launched Global Cards, a product that enables international businesses to spend globally without requiring a U.S. entity, such as a Limited Liability Company (LLC) or Employer Identification Number (EIN). Issued on the Visa network and enabled by Rain’s global stablecoin-powered card infrastructure, the card enables businesses to transact wherever eligible Visa transactions are supported — delivering a user experience indistinguishable from a traditional card, with all stablecoin processes fully abstracted.
The launch builds on Slash’s existing Global USD product, which gives foreign businesses access to accounts that enable them to store, send, and spend funds in U.S. dollar terms without needing to establish a U.S. entity. Historically, access to U.S. financial infrastructure — including card issuance — has required international companies to navigate complex and costly entity formation processes.
With Global USD, businesses can receive and send USD across borders, with underlying transactions powered by Slash’s proprietary stablecoin, USDSL. Payments received via ACH or wire are converted into USDSL and transmitted via blockchain to the user’s wallet, while outbound payments follow the reverse process. To the end user, these transactions appear as standard USD transfers, without the friction or fees typically associated with cross-border payments.
Global Cards extends this infrastructure by introducing a card layer for Global USD accounts. Through its partnership with Rain, Slash enables Global USD customers to access Visa cards that operate on top of Slash’s USDSL stablecoin. Rain provides the payment infrastructure that enables transaction authorization and settlement behind the scenes while maintaining a familiar card experience for users.
