Valuation soars by 17 times! Stablecoin startup Rain raises $250 million, ascending to a global payments unicorn

Rain completes $250 million Series C funding, valuing at $1.95 billion, with trading volume rapidly growing, and stablecoin payments accelerating towards global compliance and mainstream adoption.

Total funding surpasses $330 million, Rain becomes a global payment unicorn

Headquartered in New York, stablecoin infrastructure provider Rain officially announces the completion of up to $250 million in Series C funding. The round was led by ICONIQ Capital and attracted top venture capital firms including Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, and Lightspeed.

Image source: Rootdata Stablecoin infrastructure provider Rain officially announces the completion of up to $250 million in Series C funding

This investment brings Rain’s total funding to $338 million, with its valuation soaring 17 times in just 10 months to reach $1.95 billion, officially entering the unicorn ranks. The high regard from investors reflects the capital market’s emphasis on “tokenized funds,” with expectations that stablecoins will transition from experimental edge cases to a core mechanism for value transfer in the global economy.

Transaction volume grows 38 times annually, “Mullet Approach” successfully connects traditional finance

Rain’s rapid valuation growth is mainly due to its strong business momentum. Data shows that the number of active payment cards on the Rain platform in 2025 has increased 30-fold, with annualized transaction volume astonishingly growing 38 times. Currently, the total transaction volume processed annually has exceeded $3 billion.

The company employs the so-called “Mullet Approach,” maintaining a user-friendly interface for traditional finance on the front end, while running efficient blockchain infrastructure on the back end. As a principal member of Visa, Rain allows enterprises to issue payment cards linked to stablecoins, enabling users to spend at physical stores in over 150 countries or withdraw fiat currency at ATMs, successfully eliminating the friction between digital assets and the real economy.

Accelerating global compliance deployment, building a full-stack payment ecosystem through strategic acquisitions

With the newly injected $250 million, Rain plans to fully launch international expansion in 2026, focusing on regulated markets in North America, Europe, Asia, and South America. In addition to integrating payment systems such as US ACH and European SEPA, Rain is also committed to obtaining multiple countries’ payment and custody licenses to address the increasingly clear global regulatory trends.

Furthermore, Rain will continue to strengthen its ecosystem through acquisitions. After acquiring reward platform Uptop and currency conversion platform Fern, it will further integrate more vertical services in the future. Its core vision is to make stablecoin payments “seamless,” transforming into a transparent and efficient backbone for cross-border settlements and daily transactions worldwide, driving a new era of large-scale digital asset application.

This content is summarized by Crypto Agent from various sources, reviewed and edited by “Crypto City.” It is still in the training phase and may contain logical biases or informational errors. The content is for reference only and should not be considered investment advice.