Rain, a San Francisco-based fintech that points Visa debit and bank cards powered by stablecoins, raised $58 million in Collection B financing.
The corporate mentioned the brand new capital will speed up efforts to make stablecoins usable for on a regular basis funds worldwide. Buyers see the transfer as an indication of rising institutional confidence in blockchain-based cost programs.
Rain Drives Stablecoin Cost Demand
Rain introduced that it raised $58 million and goals to bridge blockchain expertise with global cost programs. The spherical included Samsung Subsequent, Sapphire Ventures, Dragonfly, Galaxy Ventures, Lightspeed, Norwest, and Endeavor Catalyst.
Samsung Subsequent, Samsung’s enterprise funding arm, focuses on rising applied sciences and strategic startups. The elevate got here simply 5 months after Rain closed a $24.5 million Collection A, bringing its whole funding to $88.5 million.
“Stablecoins have scaled to a whole lot of billions in circulation, however till now, they couldn’t be simply spent,” mentioned Jai Das, President and Companion at Sapphire Ventures and now a Rain board director. “Rain is fixing that by connecting stablecoins to Visa’s international community, turning them into cash usable for on a regular basis commerce.”
Rain gives infrastructure that allows fintechs, banks, and marketplaces to difficulty stablecoin-backed playing cards, wallets, and cost applications. Transaction quantity has grown tenfold since January 2025, with thousands and thousands of purchases processed in additional than 150 international locations.
“Stablecoins are shifting to the spine of world commerce,” mentioned Farooq Malik, Rain’s CEO and co-founder. “Cash initially moved immediately. We spent centuries slowing it down. Rain is bringing that simplicity again throughout any border, platform, or foreign money.”
Stablecoins like Tether’s USDT, with $167 billion in circulation, and Circle’s USDC stay the biggest tokens by provide. Analysts challenge the sector may attain trillions in market worth inside years.
Intensifying Battle in Digital Funds
Enterprise curiosity in stablecoins surged in 2025 after the GENIUS Act within the US and the European Union’s MiCA framework created extra simple compliance tips. This regulatory certainty inspired main banks, together with Financial institution of America, to discover issuing their very own stablecoins.
Rain is a direct beneficiary of this shift, providing companions a single integration that covers money-in, storage, spending, and payouts. As a Visa Principal Member, Rain immediately settles all card cost quantity in stablecoins on the Visa community. The platform is constructed natively for stablecoins and isn’t retrofitted from fiat rails, giving enterprises larger flexibility and compliance.
On the identical time, Rain faces competitors in digital funds. Crypto pockets supplier MetaMask introduced plans to launch the MetaMask Card by year-end, enabling customers to pay with stablecoins at Mastercard-accepting retailers.
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