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

2026.01.09 19:30:43

On January 9, stablecoin firm Rain announced a $2.5 billion funding round at a $19.5 billion valuation, per Bloomberg. The round was led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed and Galaxy Ventures. To date, the company has raised more than $338 million total. Rain helps clients launch stablecoin cards on the Visa network. It plans to use the capital to expand its footprint across North America, South America, Europe, Asia and Africa, and also adapt to the fast-changing global regulatory landscape.
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