Rain Secures $250 Million to Expand Global Stablecoin Infrastructure

Rain, an American stablecoin infrastructure platform, secures significant funding for global expansion

Rain, a stablecoin infrastructure provider based in the United States and a key member of the Visa payment network, has raised $250 million in a Series C funding round led by global investment firm Iconiq. This funding round values Rain at $1.95 billion, bringing the company's total funding to $338 million, following a $58 million Series B round in August 2025 and an additional $24.5 million raised in March of the previous year.

According to co-founder and CEO Farooq Malik, the active card base of Rain is estimated to have grown 30 times in 2025, with an annualized payment volume increasing by 38 times. "Stablecoins are rapidly becoming the way money flows in the 21st century, but widespread user adoption requires cards and applications that work seamlessly," he added.

Rain aims to expand into markets in North and South America, as well as Europe, Asia, and Africa. Headquartered in New York, Rain provides a comprehensive payment platform that allows businesses to partner with a single entity to launch compliant stablecoin cards that are accepted wherever Visa is used. The platform supports major stablecoins, including USDt (USDT) and USDC (USDC), along with various blockchain networks such as Ethereum, Solana, Tron, Stellar, and others.

The funds raised will enable Rain to expand its presence in key markets and further scale its stablecoin payment platform, including through strategic acquisitions.