Stablecoin company Rain raises $250 million at $1.95 billion valuation, led by ICONIQ

BlockBeats News, January 9th, According to Bloomberg, the stablecoin company Rain announced a $2.5 billion funding round at a $19.5 billion valuation, led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures.

So far, the company has raised a total of over $338 million. Rain helps clients launch stablecoin cards on the Visa network. The company plans to use this capital to expand its presence in North America, South America, Europe, Asia, and Africa, and will also use the funds to adapt to the rapidly changing global regulatory environment.