Stablecoin sector sees another major funding: Visa card strategy behind a $1.95 billion valuation

【BlockBeats】Big moves in the stablecoin sector again. According to reports, payment stablecoin company Rain recently announced the completion of a new funding round, raising $250 million, with the company’s valuation rising to $1.95 billion. This round of funding was led by ICONIQ, with notable VC firms such as Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures participating as co-investors, making the lineup quite impressive.

This means Rain’s total funding has exceeded $338 million. What are they doing? Simply put, they are helping clients issue and use stablecoin cards on the Visa network. This direction is quite interesting—combining stablecoins with traditional payment networks to lower the barrier to user adoption.

More importantly, Rain’s upcoming plans. The funds will be used to expand their market presence in North America, South America, Europe, Asia, and Africa, in other words, a global expansion. At the same time, they need to respond to the rapid changes in the global regulatory environment, which is the core pain point—whether stablecoins can go mainstream largely depends on regulatory attitudes. The logic behind Rain’s recent funding is very clear: capital, team, and compliance are all indispensable.