Rain, a US stablecoin infrastructure provider, secures $250 million in funding led by Iconiq, valuing the company at $1.95 billion. Rain’s active card base grew by 30x in 2025, with plans to expand across the Americas, Europe, Asia, and Africa. The funding will help scale its stablecoin payments platform and support strategic acquisitions.

Read more at Cointelegraph: Visa-Linked Stablecoin Firm Rain Valued Above $1.9B