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Gate Square New & Returning Creator Rewards are ongoing!
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CoinVoice has learned that, according to Bloomberg, stablecoin company Rain announced the completion of a $250 million funding round with a valuation of $1.95 billion. ICONIQ led the investment, with Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures participating.
To date, the company's total funding exceeds $338 million. Rain has helped clients launch stablecoin cards on the Visa network. The company plans to use this capital to expand its presence in North America, South America, Europe, Asia, and Africa, and will also utilize these funds to adapt to the rapidly changing global regulatory environment.