Stablecoin infrastructure provider Rain has raised $250 million in a Series C funding round led by ICONIQ, valuing the company at approximately $1.95 billion. The latest round brings Rain’s total funding to over $338 million, highlighting continued institutional interest in payment-focused crypto infrastructure.
Rain specializes in stablecoin-powered payments, offering compliant solutions such as Visa-linked cards and enterprise-grade payment rails. The company supports businesses in issuing, managing, and scaling stablecoin-based financial products across multiple markets.
According to the company, the newly raised capital will be used to expand global operations, strengthen regulatory compliance, and further develop its payments platform as demand for stablecoin settlement and cross-border payment solutions continues to grow.
