The stablecoin payment startup Rain recently announced the completion of a $58 million Series B financing, led by Sapphire Ventures, with participation from well-known institutions such as Samsung Next, Dragonfly, and Galaxy Ventures. This is the company's second round of financing within five months, with a total fundraising amount reaching $88.5 million.
Rain's fundraising total exceeds 88.5 million USD
Based in San Francisco, Rain focuses on issuing Visa credit and debit cards, allowing users to spend stablecoins such as USDT and USDC at merchants worldwide. The company just completed a $24.5 million Series A funding round in March of this year and has now received an additional $58 million in investment, bringing the total amount raised to $88.5 million.
It is worth mentioning that the background lineup is quite luxurious, including Samsung Next, Dragonfly, Galaxy Ventures, Endeavor Catalyst, Lightspeed, Norwest, and the leading investor Sapphire Ventures.
Sapphire CEO Jai Das stated: "Stablecoins have circulated hundreds of billions of dollars, but they have always been difficult to use for spending. Rain connects them to Visa's global network, truly making them usable as everyday money."
Visa Assist: Rain Becomes the Best Business Partner
The announcement pointed out that Rain's core advantage lies in its enterprise-grade infrastructure. As the Visa Principal Member (, Rain is able to settle stablecoin payments directly on the Visa network without the need for traditional fiat conversion. This allows its partners such as banks, fintech companies, and e-commerce platforms to launch stablecoin cards, wallets, and payment services at a low cost.
Farooq Malik, co-founder and CEO of Rain, stated that the trading volume of Rain has increased tenfold this year, and it has processed millions of transactions in over 150 countries.
Previously, the official state stablecoin issued by Wyoming, Frontier Stable Token )FRNT(, also integrates this facility, providing instant Apple Pay, Google Pay, and physical financial card swiping services.
) Wyoming issues the first official state stablecoin in the United States, FRNT, integrating Visa for easy Apple Pay (
GENIUS establishes a framework: both banks and enterprises want to develop stablecoins.
The year 2025 can be seen as a key turning point for stablecoin regulation, with the U.S. "GENIUS" Act providing a clear compliance path for companies and banks to issue payment-type stablecoins. This has prompted traditional financial giants from the U.S., South Korea, Japan, Hong Kong, China, and the European Union to actively explore the possibility of issuing their own stablecoins.
)The next wave of competition: From generic to functional, why is "customized stablecoin" a hard requirement for enterprises? (
At the same time, Rain's rapid growth has made competition in the stablecoin payment sector even more intense.
As everyone knows, the cryptocurrency wallet MetaMask has been actively promoting the adoption of its Mastercard financial card, the MetaMask Card. Recently, it also announced a partnership with Stripe's Bridge to issue the native stablecoin MetaMask USD )mUSD( on Ethereum and Linea, optimizing payment efficiency.
Stablecoins are entering everyday payments, and the competition is fierce.
Rain's $58 million financing symbolizes that stablecoin payment infrastructure has entered the competitive stage.
The advantage of Rain lies in its design as a "stablecoin-native payment facility," rather than just adding "extended support" features to the old fiat currency system. This gives it a clear advantage in flexibility and cross-border efficiency. However, in the face of traditional payment giants like Stripe or PayPal with their large user bases, Rain still needs to continuously expand its partner ecosystem and strengthen user habits.
This article reports that stablecoin payment provider Rain has raised $58 million, with participation from Samsung Next and Dragonfly. It first appeared in Chain News ABMedia.
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Stablecoin payment provider Rain raises $58 million, with participation from Samsung Next and Dragonfly.
The stablecoin payment startup Rain recently announced the completion of a $58 million Series B financing, led by Sapphire Ventures, with participation from well-known institutions such as Samsung Next, Dragonfly, and Galaxy Ventures. This is the company's second round of financing within five months, with a total fundraising amount reaching $88.5 million.
Rain's fundraising total exceeds 88.5 million USD
Based in San Francisco, Rain focuses on issuing Visa credit and debit cards, allowing users to spend stablecoins such as USDT and USDC at merchants worldwide. The company just completed a $24.5 million Series A funding round in March of this year and has now received an additional $58 million in investment, bringing the total amount raised to $88.5 million.
It is worth mentioning that the background lineup is quite luxurious, including Samsung Next, Dragonfly, Galaxy Ventures, Endeavor Catalyst, Lightspeed, Norwest, and the leading investor Sapphire Ventures.
Sapphire CEO Jai Das stated: "Stablecoins have circulated hundreds of billions of dollars, but they have always been difficult to use for spending. Rain connects them to Visa's global network, truly making them usable as everyday money."
Visa Assist: Rain Becomes the Best Business Partner
The announcement pointed out that Rain's core advantage lies in its enterprise-grade infrastructure. As the Visa Principal Member (, Rain is able to settle stablecoin payments directly on the Visa network without the need for traditional fiat conversion. This allows its partners such as banks, fintech companies, and e-commerce platforms to launch stablecoin cards, wallets, and payment services at a low cost.
Farooq Malik, co-founder and CEO of Rain, stated that the trading volume of Rain has increased tenfold this year, and it has processed millions of transactions in over 150 countries.
Previously, the official state stablecoin issued by Wyoming, Frontier Stable Token )FRNT(, also integrates this facility, providing instant Apple Pay, Google Pay, and physical financial card swiping services.
) Wyoming issues the first official state stablecoin in the United States, FRNT, integrating Visa for easy Apple Pay (
GENIUS establishes a framework: both banks and enterprises want to develop stablecoins.
The year 2025 can be seen as a key turning point for stablecoin regulation, with the U.S. "GENIUS" Act providing a clear compliance path for companies and banks to issue payment-type stablecoins. This has prompted traditional financial giants from the U.S., South Korea, Japan, Hong Kong, China, and the European Union to actively explore the possibility of issuing their own stablecoins.
)The next wave of competition: From generic to functional, why is "customized stablecoin" a hard requirement for enterprises? (
At the same time, Rain's rapid growth has made competition in the stablecoin payment sector even more intense.
As everyone knows, the cryptocurrency wallet MetaMask has been actively promoting the adoption of its Mastercard financial card, the MetaMask Card. Recently, it also announced a partnership with Stripe's Bridge to issue the native stablecoin MetaMask USD )mUSD( on Ethereum and Linea, optimizing payment efficiency.
Stablecoins are entering everyday payments, and the competition is fierce.
Rain's $58 million financing symbolizes that stablecoin payment infrastructure has entered the competitive stage.
The advantage of Rain lies in its design as a "stablecoin-native payment facility," rather than just adding "extended support" features to the old fiat currency system. This gives it a clear advantage in flexibility and cross-border efficiency. However, in the face of traditional payment giants like Stripe or PayPal with their large user bases, Rain still needs to continuously expand its partner ecosystem and strengthen user habits.
This article reports that stablecoin payment provider Rain has raised $58 million, with participation from Samsung Next and Dragonfly. It first appeared in Chain News ABMedia.