Stablecoin payment platform Rain raises $250 million in funding, accelerating global expansion

RugPullAlarm · 2026-01-15T20:12:30+00:00

Stablecoin payment company Rain raises $250 million in funding, valuing the company at $1.95 billion. The funding will be used to expand into international markets and enhance global regulatory compliance. Rain has launched stablecoin card services in 150 countries, promoting the widespread adoption of stablecoins.

RugPullAlarm

2026-01-15 20:12:30

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Stablecoin Payment Solution Provider Rain Recently Secured $250 Million in Funding, Valuing the Company at $1.95 Billion. This Funding Round Demonstrates Continued Investor Confidence in the Stablecoin Payment Sector.

According to Bloomberg, the current funding round was led by ICONIQ, with participation from top firms including Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. As a player focused on the stablecoin payment field, Rain plans to use the funds primarily to expand its international market presence.

Global Payment Network Expansion

Rain CEO Farooq Malik revealed that the funds will be used to accelerate business expansion in major regions such as North America, South America, Europe, Asia, and Africa, while also enhancing the company’s ability to adapt to changing global regulatory environments. 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 settle transactions with stablecoins 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 utilize stablecoins.

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