Rain, the leading stablecoin payments infrastructure provider in the U.S. and a prominent member of the Visa network, has closed a $250 million Series C funding round. This capital injection, led by investment firm Iconiq, raises the company’s valuation to $1.95 billion.
The official spokesperson and CEO of the firm, Farooq Malik, confirmed that the funds will be used for an ambitious global expansion across four continents. Likewise, the exponential growth of the platform reflects massive demand for digital financial solutions in today’s market.
During 2025, Rain experienced unprecedented success by multiplying its active card base in circulation thirty-fold. Furthermore, the company’s annualized payment volume grew 38 times, consolidating its position as a sector leader. Digital asset adoption requires efficient tools and applications that work seamlessly in the real world.
Therefore, the developed infrastructure allows companies to launch stablecoin-compatible cards in a fully legal and secure manner. For this reason, the strategic alliance with Visa ensures these assets are accepted in millions of commercial establishments.
The funding round included participation from renowned investors such as Galaxy Digital, Sapphire Ventures, and Dragonfly. With this new contribution, Rain’s total capital raised stands at $338 million since its inception. Rain plans to use these financial resources to scale its presence in key markets across the Americas, Europe, Asia, and Africa.
In this way, the company seeks to facilitate money movement in the 21st century through highly efficient blockchain networks. However, the primary focus will remain on interoperability between traditional banking systems and the new decentralized finance.
Will the massive integration of Visa cards displace cash in emerging economies?
Rain’s platform offers a comprehensive solution supporting the market’s leading stablecoins, including USDT and USDC. By operating on networks like Ethereum, Solana, and Stellar, the stablecoin payments infrastructure ensures fast and economical transactions.
Expanding into new geographic markets will allow more companies to use these tools for their international operations. For this reason, the digital payments ecosystem is strengthened globally with the arrival of high-level technological partners. On the other hand, the company does not rule out making strategic acquisitions to complement its current technological offering.
Stable cryptocurrencies have become the definitive bridge for value transfer between different jurisdictions and currencies. Rain allows any corporate organization to issue debit cards linked to digital balances with full regulatory compliance.
The capital obtained ensures operational sustainability for the firm in the face of growing competition in the fintech sector. In this way, the payments network becomes more inclusive by allowing access to modern financial services in underserved regions. Hence, growth prospects for 2026 point toward a consolidation of everyday asset use in retail commerce.
