Visa-linked stablecoin platform Rain raises $250M at $1.95B valuation

The raise values Rain at $1.95 billion after 30-fold card growth in 2025, with the Visa-linked platform planning expansion across multiple continents.

Rain, a US stablecoin infrastructure provider and a principal member of the Visa payments network, has secured major funding to expand its global presence.

The platform raised $250 million in a Series C funding round led by the global investment firm Iconiq, according to an announcement on Friday.

The round values Rain at $1.95 billion, bringing the company’s total funding to $338 million, following a $58 million Series B round in August 2025 and another $24.5 million raise in March last year.

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