Visa-linked stablecoin platform Rain raises $250M at $1.95B valuation
The raise values Rain at $1.95 billion after a 30-fold card growth in 2025 as the Visa-linked platform plans expansion across multiple continents.
Rain, a US stablecoin infrastructure provider and a principal member of the Visa payment network, has secured major funding to expand its global presence.
The platform raised $250 million in a Series C funding round led by the global investment firm Iconiq, according to an announcement on Friday.
The 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 another $24.5 million raise in March last year.