Rain, a stablecoin infrastructure platform, has raised $58 million in a Series B funding round led by Sapphire Ventures, bringing its total capital raised to $88.5 million.
Why it matters: The funding will enable Rain to expand its platform and services, providing global institutions with a flexible, modular, and compliant stablecoin infrastructure to support the growing adoption of digital assets in everyday finance.
The details:
- Rain plans to use the funds to hire across its engineering, commercial, and compliance teams and expand its operations into Europe, the Middle East, Africa, and Asia-Pacific.
- The company’s platform offers a single integration point for fintechs, banks, and marketplaces to embed stablecoins into various products and operations, covering money-in, storage, spending, and money-out processes across cards, wallets, and payment programs.
- Rain has been a part of Visa’s pilot program for stablecoin settlement since April 2025 and reports a tenfold growth in transaction volume since January 2025, now supporting more than 100 organizations globally.
The Commodity Futures Trading Commission (CFTC) recently issued an advisory clarifying that foreign boards of trade (FBOTs) do not require designation as U.S.-regulated exchanges, easing access for U.S. companies to stablecoin-based markets.
What they’re saying:
- “Stablecoins are shifting to the backbone of global commerce,” comments Farooq Malik, CEO and co-founder of Rain. “In its earliest form, money moved instantly. We’ve spent centuries slowing it down. Rain is bringing that simplicity back to billions of people, but now it works across any border, any platform, and any currency.”
The big picture: As stablecoin circulation reaches hundreds of billions, Rain’s role in global commerce becomes more pivotal. By linking stablecoins with traditional card networks like Visa, Rain is making digital assets usable for a wider range of financial activities, supporting programs reaching over 1.5 billion people worldwide.
What’s next: With the new funding, Rain plans to expand its operations into regions with increasingly clear regulatory environments around stablecoin adoption, marking a notable advancement in the adoption and integration of stablecoin payments and providing a robust foundation for the future of digital finance.
