New funding positions Rain to scale card-based stablecoin funds as information exhibits USDT is more and more used for small, on a regular basis transactions globally.
Stablecoin funds firm Rain has raised $250 million following a current personal funding spherical. The contemporary funding arrives as international crypto members more and more flip to stablecoins for on a regular basis funds and remittance. Rain defined that the funds will probably be used for worldwide growth and constructing a extra strong fee infrastructure.
Rain Funding Spherical Lifts Valuation to $1.95B as Stablecoin Utilization Grows
In keeping with a Bloomberg report, the funding spherical was led by US funding administration agency ICONIQ. Different buyers included Sapphire Ventures, Dragonfly, Bessemer Enterprise Companions, Lightspeed, and Galaxy Ventures.
Rain co-founder and Chief Govt Officer Farooq Malik confirmed the main points in an interview with Bloomberg. The newest increase brings the corporate’s whole funding to greater than $338 million and takes its valuation to $1.95 billion.
With this capital injection, Rain seems to develop and declare a high spot within the international stablecoin market. As such, a part of the capital generated will probably be invested in constructing its experience and infrastructure.
Malik additionally acknowledged that the added capital permits the corporate to work instantly with regulators and safe licenses because it enters new markets. On the product stage, Rain helps the issuance of stablecoin-linked playing cards on the Visa community.
Principally, the platform permits customers to hold out every day actions comparable to funds or money withdrawals from ATMs. Startups in nations with weak currencies or restricted banking entry depend on these playing cards to supply fundamental monetary companies.
Playing cards issued by Rain already work in additional than 150 nations, permitting customers to spend stablecoins throughout numerous markets. The corporate can also be working to attach with extra fee techniques, together with the US-based ACH community and Europe’s SEPA system, by accomplice banks. With these techniques, customers would be capable of conduct crypto-to-fiat transactions.
Rain Pushes Growth as Professional-Crypto US Coverage Fuels Stablecoin Demand
Rain can also be open to development by acquisitions. Over the previous yr, the corporate has acquired the rewards platform Uptop and the foreign money conversion supplier Fern. Malik stated the corporate is concentrated on increasing into new areas whereas strengthening partnerships that help funds and settlement companies.
Notably, Rain’s growth plans come as stablecoin exercise continues to climb worldwide. As noticed by Artemis Analytics, the entire stablecoin transaction volumes for 2025 jumped by 72% to $33 trillion.
Analysts have pointed to Trump’s pro-crypto insurance policies as the main development driver of those fiat-pegged property throughout monetary companies and funds.
USDC, the dollar-backed token issued by Circle Web Group, led stablecoin exercise with $18.3 trillion in transactions final yr. Tether Holdings adopted intently, with its USDT token recording $13.3 trillion in transaction quantity.
Retail Funds Drive Surge in USDT Utilization Throughout International Market
New information provides deeper insights relating to Tether’s USDT utilization amongst on a regular basis customers. In keeping with Chief Govt Officer Paolo Ardoino, USDT processed $156 billion in funds of $1,000 or much less in 2025, based mostly on information from Chainalysis and Artemis.
Picture Supply: X/Paolo Ardoino
Each day transfers on this vary now exceed $500 million, pointing to rising use of USDT for smaller, on a regular basis funds quite than giant trades.
Usually, retail-level funds are linked to remittances, salaries, retail purchases, financial savings, and peer-to-peer funds. Therefore, this pattern exhibits that stablecoins are getting used extra like money or fundamental financial institution accounts, particularly the place conventional monetary companies are costly or unreliable.
As on a regular basis stablecoin use grows, establishments like Rain are positioning to attach digital {dollars} to card networks and fee techniques. The corporate is working to convey stablecoins into on a regular basis spending as regulators and customers pay nearer consideration.