Stablecoin payment solution provider Rain recently secured $250 million in funding, with the company’s valuation soaring to $1.95 billion. This funding round highlights investors’ continued confidence in the stablecoin payment sector.
According to Bloomberg, this round of financing was led by ICONIQ, with participation from top firms such as Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. As a player focused on the stablecoin payment field, Rain plans to use this funding primarily to expand its international market presence.
Expansion of Global Payment Network
Farooq Malik, CEO of Rain, revealed that the funds will be used to accelerate business expansion in key regions including North America, South America, Europe, Asia, and Africa, while also strengthening the ability to adapt to global regulatory changes. This multi-region balanced development strategy reflects the growth potential of stablecoin payments worldwide.
Currently, Rain has launched stablecoin card services based on the Visa network in over 150 countries. Users can directly use stablecoins for transactions at local merchants through the platform, and also withdraw fiat currency at ATMs, forming a relatively complete stablecoin circulation ecosystem. This innovative model effectively lowers the barriers for users to adopt stablecoins.
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Plateforme de paiement en stablecoin Rain : financement de 250 millions de dollars, accélération de la stratégie de déploiement mondial
Stablecoin payment solution provider Rain recently secured $250 million in funding, with the company’s valuation soaring to $1.95 billion. This funding round highlights investors’ continued confidence in the stablecoin payment sector.
According to Bloomberg, this round of financing was led by ICONIQ, with participation from top firms such as Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. As a player focused on the stablecoin payment field, Rain plans to use this funding primarily to expand its international market presence.
Expansion of Global Payment Network
Farooq Malik, CEO of Rain, revealed that the funds will be used to accelerate business expansion in key regions including North America, South America, Europe, Asia, and Africa, while also strengthening the ability to adapt to global regulatory changes. This multi-region balanced development strategy reflects the growth potential of stablecoin payments worldwide.
Currently, Rain has launched stablecoin card services based on the Visa network in over 150 countries. Users can directly use stablecoins for transactions at local merchants through the platform, and also withdraw fiat currency at ATMs, forming a relatively complete stablecoin circulation ecosystem. This innovative model effectively lowers the barriers for users to adopt stablecoins.