Delphi Digital released the report *'The New Framework for Crypto Banking'* stating that stablecoin payment infrastructure has become an inevitable trend, but not all crypto companies will emerge victorious. This sector has split into five distinct models, and the ultimate survivors will either control the infrastructure, dominate distribution channels, or focus on markets underserved by traditional banking services. Delphi highlighted that Rain and RedotPay have become early examples of two different paths: Rain holds Visa principal membership and provides card issuance infrastructure to other crypto applications, while RedotPay focuses on emerging markets with stronger demand for USD access. Among the 190+ crypto card projects it tracks, Rain and RedotPay together account for approximately 90% of the observed on-chain transaction volume. Delphi believes that the future is less likely to see crypto payment rails completely replacing traditional card networks, but rather traditional giants adopting stablecoin rails, with a few crypto companies capturing the majority of transaction volume. https://(wublock123.com)/news/delphi-rain-redotpay-account-for-90-percent-onchain-volume-62910