- Stablecoin firm Rain has simply raised one other $250 million.
- The firm now has a $1.95 billion valuation.
- Fintech corporations specializing in stablecoins are having extra success.
Fintech firm Rain introduced Friday that it had raised $250 million in a funding spherical, bringing the stablecoin-focused firm’s valuation to $1.95 billion.
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New York-based Rain, an organization backed by Visa that points spending playing cards, stated that it had introduced its complete funding to over $338 million, simply 4 months after its Collection B and 10 months after its Collection A.
The latest spherical was led by ICONIQ with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed and Galaxy Ventures, Rain stated.
This latest elevate helps us:
🌍 Broaden licensing throughout 5 continents
🧱 Deepen our stack (see: Uptop + Fern acquisitions)
🚀 Launch new merchandise that make stablecoins really feel like some other cost— Rain (@raincards) January 9, 2026
“Stablecoins are rapidly turning into the best way cash strikes in the twenty first century, however adoption by customers worldwide requires playing cards and apps that simply work,” Farooq Malik, the firm’s CEO and co-founder, stated in a press release.
He added that in the final yr, the firm’s lively card base had elevated thirtyfold and that the corporate’s annualized cost quantity has elevated by 38 occasions.
Rain gives corporations with the infrastructure to problem stablecoin-linked debit playing cards in order that the digital tokens could be “immediately usable anyplace Visa is accepted.”
Stablecoins and the fintech corporations issuing them are actually a significant matter in the world of finance since US President Donald Trump final yr signed the GENIUS Act into regulation, establishing a framework for issuing the digital tokens.
Now main banks and corporations are centered on issuing stablecoins with the hope of rushing up funds.
Quite a few prime crypto corporations are pushing even additional into the standard finance house, with the likes of Coinbase, Circle, and Ripple receiving conditional approval from the Workplace of the Comptroller of the Foreign money to acquire nationwide belief financial institution charters.
The constitution will enable the businesses to function like banks by permitting them to oversee their very own reserves and take custody of belongings for establishments.
Mathew Di Salvo is a information correspondent with DL News. Acquired a tip? E mail at mdisalvo@dlnews.com.
