Stablecoin company Rain completes $250 million funding at a $1.95 billion valuation, with ICONIQ leading the investment

Odaily Planet Daily News: Stablecoin company Rain announced the completion of a $250 million funding round at a valuation of $1.95 billion, led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. To date, the company’s total funding exceeds $338 million. Rain has helped 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 utilize these funds to adapt to the rapidly changing global regulatory environment. (Bloomberg)