🚀 Rain has raised $250M for launching stablecoin cards
📈 Rain, the company behind stablecoin-linked cards backed by Visa and available in over 150 countries, has achieved a valuation of $1.95B in Series C funding round of $250M led by ICONIQ.
➡️ The new capital will be used to obtain operational licenses and establish presence in North and South America, Europe, Asia, and Africa.
According to Bloomberg, Rain is currently developing integration with major payment networks ACH in the US and SEPA in Europe through bank partners.
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