Stablecoin payment sector sees major development. Payment company Rain just completed a new round of financing, securing $250 million in one go, with the company's overall valuation skyrocketing to $1.95 billion.
The investor lineup for this round is exceptionally impressive — ICONIQ led the investment, backed by industry heavyweights including Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. Put simply, these investors are all bullish on the future of the stablecoin payment track.
Rain's co-founder and CEO Farooq Malik revealed that with this financing round, the company's cumulative total fundraising has exceeded $338 million. Judging from the scale of financing and the caliber of investors, Rain's strategic position in the stablecoin payment sector is becoming increasingly clear. In cross-border payments, enterprise payments, and other scenarios, stablecoins are gradually becoming new infrastructure, and Rain clearly wants to seize the opportunity in this wave of transformation.
Stablecoin payment sector sees major development. Payment company Rain just completed a new round of financing, securing $250 million in one go, with the company's overall valuation skyrocketing to $1.95 billion.
The investor lineup for this round is exceptionally impressive — ICONIQ led the investment, backed by industry heavyweights including Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. Put simply, these investors are all bullish on the future of the stablecoin payment track.
Rain's co-founder and CEO Farooq Malik revealed that with this financing round, the company's cumulative total fundraising has exceeded $338 million. Judging from the scale of financing and the caliber of investors, Rain's strategic position in the stablecoin payment sector is becoming increasingly clear. In cross-border payments, enterprise payments, and other scenarios, stablecoins are gradually becoming new infrastructure, and Rain clearly wants to seize the opportunity in this wave of transformation.