The stablecoin payment infrastructure firm Rain has announced a $250 million Series C funding round led by ICONIQ Capital, raising its market valuation to approximately $1.95 billion and bringing its total capital raised above $338 million. (COIN360)
🚀 What's happening?
Rain, based in New York, has convinced major venture capital firms to support its vision of turning stablecoins into real, global payment mechanisms by integrating blockchain with traditional networks like Visa. (Cointelegraph)
The company has experienced rapid growth in key operational metrics:
Its base of active cards linked to stablecoins increased 30× in 2025.
Annualized payment volume multiplied 38×, surpassing $3 billion in transactions facilitated through more than 200 partners. (COIN360)
This shows that demand for payment solutions based on stablecoins is growing, especially when integrated with familiar infrastructures like globally accepted cards. (Cryptonews)
🌍 Why are investors betting strongly?
Participants in the round include, besides ICONIQ, Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst, underscoring institutional confidence in the potential of crypto payments at a global scale. (COIN360)
The funds raised will be used for:
Expand operations globally—with a focus on North America, South America, Europe, Asia, and Africa.
Obtain local licenses and comply with regulations across multiple jurisdictions.
Develop new products and capabilities around stablecoin payments and enterprise wallets. (Cryptonews)
Rain also operates as a Visa Principal Member, enabling its stablecoin-backed cards to be accepted in over 150 countries, seamlessly connecting crypto payments with traditional systems for the end user. (MEXC)
📌 What does this move mean for the crypto ecosystem?
✔️ Reinforces the importance of stablecoins beyond speculative trading, betting on their use as payment infrastructure. (COIN360)
✔️ Attracts institutional capital into the crypto space, where investments are increasingly focused on solutions with real-world use cases. (crypto.news)
✔️ Drives the adoption of stablecoins for everyday transactions, bringing crypto closer to the traditional global payments world. (Crypto Economy)
Such funding rounds also reflect that crypto infrastructure fintechs remain attractive even in volatile market cycles, when they offer solutions that integrate compliance, scalability, and user experience. (Cointelegraph)
📊 Conclusion
The $250M round and $1.95 billion valuation of Rain not only mark a validation moment for stablecoin projects, but also for the entire ecosystem striving to bring crypto to real, global payments. Stablecoins are moving beyond being just a trading tool and becoming an essential part of the financial infrastructure of the future.