Funding round follows rapid card growth and global expansion plans
U.S.-based stablecoin payments provider Rain has raised $250 million in fresh capital, marking a major milestone for the Visa-linked platform as it accelerates international expansion. The latest funding values the company at $1.95 billion, reflecting strong investor confidence in stablecoin-based payment infrastructure.
Series C Funding and Investor Backing
The Series C round was led by global investment firm Iconiq and included participation from several existing backers. With this raise, Rain’s total funding has reached $338 million, following earlier rounds completed in March 2024 and August 2025. The continued support from institutional investors underscores growing belief in the long-term role of stablecoins in mainstream payments.
Rain reported significant operating momentum last year. Its active card base expanded 30 times during 2025, while annualized payment volumes increased 38-fold. The company attributes this growth to rising demand for payment products that seamlessly integrate stablecoins with traditional card networks.
As a principal member of the Visa network, Rain enables enterprises to issue compliant stablecoin cards accepted globally. The platform supports USDT, USDC, and multiple blockchain networks. The newly raised capital will fund expansion across the Americas, Europe, Asia, and Africa, along with platform scaling and potential acquisitions aimed at strengthening global stablecoin adoption.
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