Rain разрабатывает будущее стейблкоинов с новым финансированием в $250 миллионов Translation: Rain is Developing the Future of Stablecoins with New $250 Million Funding

The company Rain, which develops infrastructure for payment solutions based on stablecoins, has raised $250 million in a Series C funding round led by ICONIQ.

Participants included Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.

The total amount raised in the round reached $338 million, and Rain’s valuation stands at $1.95 billion.

The platform offers Visa card issuance services based on stablecoins, facilitates payments, allows the conversion of fiat to digital currencies, and ensures secure wallet operations.

According to a press release, over the past year, Rain processed transactions exceeding $3 billion for more than 200 partners, including Western Union, Nuvei, and KAST.

«Stablecoins are rapidly becoming the primary method for transferring money in the 21st century, but widespread adoption globally requires cards and applications that work seamlessly,» stated Farouk Malik, co-founder and CEO of Rain.

He noted that by 2025, the number of active cards increased thirtyfold, while the transaction volume rose thirty-eightfold.

The funds raised will be used to expand the company’s presence in key markets across North and South America, Europe, Asia, and Africa. The capital will also allow for enhancements to the payment platform through strategic acquisitions and the launch of new products.

According to Artemis, it is projected that by 2025, the total volume of transactions with stablecoins will grow by 72% — to $33 trillion. USDC from Circle emerged as the leader in value transfer, surpassing USDT from Tether.