A major funding round places stablecoin payments firm Rain among the most valuable players in crypto-native financial infrastructure, as global demand for blockchain-based payments accelerates.
Stablecoin payments firm Rain secures fresh capital
Rain, a US-based stablecoin infrastructure provider and principal member of the Visa payments network, has raised $250 million in a Series C funding round led by global investment firm Iconiq.
The funding values Rain at $1.95 billion, marking a major milestone for the company as it expands its footprint across global markets. With this round, Rain’s total funding now stands at $338 million, following a $58 million Series B raise in August 2025 and an earlier $24.5 million round completed in March last year.
Strong backing from crypto and venture capital leaders
The latest raise attracted strong participation from existing investors, including the venture arm of Galaxy Digital, founded by Michael Novogratz. Other returning backers include Sapphire Ventures, Dragonfly, Lightspeed, Norwest, and Endeavor Catalyst.
New investors joining the round include Bessemer Venture Partners and FirstMark, underscoring growing institutional confidence in stablecoin-based payment infrastructure.
Rain’s explosive card growth in 2025
The funding follows a breakout year for Rain. In 2025, the company’s active card base increased by 30 times, while its annualized payment volume surged 38-fold, according to co-founder and CEO Farooq Malik.
Malik highlighted that while stablecoins are rapidly becoming a core method of moving money globally, real adoption depends on practical tools that function seamlessly in everyday transactions. Rain focuses on bridging blockchain payments with familiar card-based experiences that work globally.
Visa-compatible stablecoin cards with global reach
Headquartered in New York, Rain provides an end-to-end payments platform that allows companies to launch compliant stablecoin cards through a single integration. These cards function anywhere Visa is accepted, making stablecoin payments usable at a global scale.
The platform supports major stablecoins such as USDT and USDC and operates across multiple blockchain networks, including Ethereum, Solana, Tron, Stellar, and others. This flexibility positions Rain as a key infrastructure layer for businesses looking to adopt crypto payments without friction.
Global expansion across multiple continents
Rain plans to deploy the new capital to accelerate expansion across North America, South America, Europe, Asia, and Africa. The company also intends to further scale its stablecoin payments infrastructure and pursue strategic acquisitions to strengthen its global offering.
According to Malik, the funding enables Rain to bring reliable, compliant stablecoin payment infrastructure to new markets and help enterprises launch and scale quickly worldwide.
As stablecoins continue to move closer to mainstream financial systems, Rain’s rapid growth and Visa-linked model place it at the center of the evolving global payments landscape.
