Rain, a US stablecoin infrastructure supplier and key member of the Visa cost community, has secured vital funding to increase its international presence.
The platform has raised $250 million in a Sequence C funding spherical led by international funding agency Iconiq, based on an announcement on Friday.
This spherical valued Rain at $1.95 billion, and the corporate raised a complete of $338 million after elevating $58 million in a Sequence B spherical in August 2025 and one other $24.5 million in March final yr.
The newest spherical of funding included participation from a number of current buyers, together with Galaxy Digital’s enterprise arm based by Michael Novogratz, Sapphire Ventures, Dragonfly, Lightspeed, Norwest, and Endeavor Catalyst.
Rain’s lively card base will surge 30x in 2025
Co-founder and CEO Farooq Malik mentioned in a press release that this new spherical follows Reign’s spectacular progress over the past yr, with lively card base rising 30x and annual cost worth rising 38x.
“Stablecoins are quickly changing into the way in which to maneuver cash within the twenty first century, however adoption by customers world wide requires playing cards and apps that work correctly,” he added.
sauce: rain
Extra buyers within the funding embrace Bessemer Enterprise Companions and FirstMark, based on the announcement.
Rain goals to increase throughout the Americas, Europe, Asia and Africa
Headquartered in New York, Rain gives an end-to-end funds platform that permits firms to work with a single companion to launch compliant stablecoin playing cards that can be utilized anyplace Visa is accepted.
The platform helps main stablecoins similar to USDt (USDT) and USDC (USDC), together with numerous blockchain networks similar to Ethereum, Solana, Tron, and Stellar.
Associated: The hole between VC valuation and market capitalization turns into clear because of the droop in digital currencies
Rain plans to make use of the funding to increase its presence in key markets in North and South America, in addition to Europe, Asia and Africa.
This funding may even allow Rain to additional increase its stablecoin funds platform, together with by means of strategic acquisitions.
“This funding will enable us to deliver that infrastructure to new markets, get extra firms up and operating all over the place, and scale rapidly,” Malik mentioned.
journal: How will cryptocurrency legislation change in 2025 and the way will it change in 2026?
