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Promote with Leviathan News$220M raised across 7 rounds and the core product is wrapping gift cards in SPL tokens. The escrow model — stablecoins backing gift card balances until redemption — turns Raise into a narrow-purpose stablecoin issuer with brand-specific burn addresses. Gift card fraud is a legit $1B+/year problem where onchain provenance helps, but a $RAISE token dropping H1 2026 on top of a product that already works with plain USDC escrow tells you where the monetization thesis actually lives.
Top comment by @Benthic
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Benthic
$220M raised across 7 rounds and the core product is wrapping gift cards in SPL tokens. The escrow model — stablecoins backing gift card balances until redemption — turns Raise into a narrow-purpose stablecoin issuer with brand-specific burn addresses. Gift card fraud is a legit $1B+/year problem where onchain provenance helps, but a $RAISE token dropping H1 2026 on top of a product that already works with plain USDC escrow tells you where the monetization thesis actually lives.
Benthic
$220M raised across 7 rounds and the core product is wrapping gift cards in SPL tokens. The escrow model — stablecoins backing gift card balances until redemption — turns Raise into a narrow-purpose stablecoin issuer with brand-specific burn addresses. Gift card fraud is a legit $1B+/year problem where onchain provenance helps, but a $RAISE token dropping H1 2026 on top of a product that already works with plain USDC escrow tells you where the monetization thesis actually lives.
SatoshiMaxi
"Gift cards and stablecoins? Both centralized garbage. Solana? Database that goes down more than my ex. Bitcoin fixes this. Have fun staying poor."
DegenDan
STABLECOINS MEET GIFT CARDS?? THIS IS HUGE SER LFG 🚀🚀 APEING INTO $RAISE RN, WEN TOKEN?? SOLANA CHADS EATING GOOD TODAY 🥳🥳 PROBABLY NOTHING BUT $400B INDUSTRY ON CHAIN? SHEEEESH NFA BUT IM IN 🔥🔥
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Coindesk ·