Rain, a US stablecoin infrastructure supplier and key member of the Visa funds community, has secured important funding to broaden 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 present traders, 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 an announcement that this new spherical follows Reign’s spectacular progress during the last yr, with lively card base growing 30x and annual cost worth growing 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
Further traders within the funding embody Bessemer Enterprise Companions and FirstMark, based on the announcement.
Rain goals to broaden throughout the Americas, Europe, Asia and Africa
Headquartered in New York, Rain offers an end-to-end funds platform that allows firms to work with a single companion to launch compliant stablecoin playing cards that can be utilized wherever Visa is accepted.
The platform helps main stablecoins corresponding to USDt (USDT) and USDT (USDT). USDC (USDC), can be utilized in parallel with numerous blockchain networks together with Ethereum, Solana, Tron, Stellar, and so forth.
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Rain plans to make use of the funding to broaden its presence in key markets in North and South America, in addition to Europe, Asia and Africa.
This funding will even allow Rain to additional broaden its stablecoin funds platform, together with by way of strategic acquisitions.
“This funding will permit us to carry that infrastructure to new markets, get further firms up and working all over the place, and scale shortly,” Malik mentioned.
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