Rain Secures $250M to Expand Stablecoin Payments

3 mins mins

Key Points:

Rain raises $250M, bringing valuation to $1.95 billion.
Funds aim to expand global stablecoin payments infrastructure.
Rain partners with Visa, supports transactions in 150+ countries.

Rain, a stablecoin payments company, has completed a $250 million Series C funding round led by ICONIQ, elevating its valuation to $1.95 billion, announced January 9.

This significant funding highlights Rain’s plan to expand globally, reflecting the growing importance of stablecoins in digital payments, aligning with shifts away from traditional payment systems.

Rain Secures $250 Million for Global Expansion

Rain’s $250 million Series C round aims to bolster its stablecoin payments infrastructure. Leading this round is ICONIQ with contributions from Sapphire Ventures, Dragonfly, Bessemer, and others. This raises Rain’s total funding to over $338 million. CEO Farooq Malik highlighted the growing adoption of stablecoins worldwide, while also emphasizing the need for cards and apps that seamlessly function across different regions.

The funds will support Rain’s expansion across five continents. This includes efforts to integrate with systems like US ACH and European SEPA for broader reach in the stablecoin transactions space. By focusing on global stablecoin card issuance and strategic acquisitions, Rain seeks to enhance its market position and customer offerings.

“Stablecoins are quickly becoming the way money moves in the 21st century, but adoption by users worldwide requires cards and apps that just work.” — Farooq Malik, CEO & Co‑founder, Rain

Market reactions include interest from industry leaders and financial institutions. Kamran Zaki of ICONIQ expressed support, citing a shift towards programmable digital-asset infrastructures as key to their investment strategy. Malik’s remarks on the 38x increase in annualized payment volume underscore market anticipation for further growth in stablecoin adoption.

Stablecoin Market Trends and Rain’s Strategic Moves

Did you know? Rain’s expansion aligns with the growing trend in stablecoin usage, highlighting its role in transcending traditional payment systems and providing seamless integration worldwide.

USD Coin (USDC), valued at $1.00, holds a market cap of $74.88 billion with a 24-hour trading volume of $11.82 billion, as per CoinMarketCap. Its market dominance is 2.42%, with the price dipping slightly by 0.04% in 24 hours. Data updated on January 9, 2026.

usdc-daily-chart-378 — USDC(USDC), daily chart, screenshot on CoinMarketCap at 11:41 UTC on January 9, 2026. *Source: CoinMarketCap*

The Coincu research team highlights that Rain’s recent funding validates the significance of stablecoins in modern payment ecosystems. This shift could drive enhanced liquidity needs and compliance efforts within the sector. Historical trends indicate that wide-ranging stablecoin acceptance will encourage greater financial inclusivity and operational efficiency globally.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.