Visa-linked stablecoin platform Rain raises $250M at $1.95B valuation
■ Major funding milestone
Rain secured $250M in Series C, led by Iconiq, pushing its valuation to $1.95B and total funding to $338M.
■ Explosive growth in 2025
Active stablecoin card base: 30× growth
Annualized payment volume: 38× increase
This highlights rising real-world usage of stablecoins for everyday payments.
■ Backed by top-tier investors
Returning investors include Galaxy Digital, Dragonfly, Lightspeed, Norwest, Sapphire Ventures, with new participation from Bessemer and FirstMark — strong institutional confidence.
■ Visa-native stablecoin rails
Rain is a principal Visa network member, enabling companies to issue compliant stablecoin cards usable anywhere Visa is accepted.
■ Multi-chain & multi-stablecoin support
Supports USDT & USDC across Ethereum, Solana, Tron, Stellar, and more — positioning Rain as a global payments layer.
■ Global expansion ahead
Funds will fuel growth across Americas, Europe, Asia, and Africa, plus platform scaling and strategic acquisitions.
Key takeaway:
Stablecoins are moving from crypto-native rails to mainstream payment infrastructure, with Visa-linked platforms like Rain bridging Web3 liquidity and real-world spending.
