Rain Raises $250 Million to Expand Global Stablecoin Infrastructure
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Significant Funding: Rain raised $250 million in a Series C round led by ICONIQ, pushing its valuation to $1.95 billion, reflecting strong investor interest in stablecoin infrastructure.
- Market Expansion Plans: The new capital will be used to secure licenses and expand operations across North America, South America, Europe, Asia, and Africa, aiming to drive widespread adoption of stablecoins through compliant infrastructure.
- Surge in Transaction Volume: Rain currently supports over 200 partners and processes more than $3 billion in annualized transaction volume, with its active card base increasing 30-fold over the past year, indicating strong demand for stablecoin payment solutions.
- Compliance Challenges: Despite the rapid growth of the stablecoin market, Rain must navigate regulatory compliance challenges to ensure its card programs and payment flows meet anti-money laundering and sanctions requirements for successful expansion into new markets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
