Stablecoin firm Rain has raised a total of $250 million in a series C funding round, as per an official press release—a potential sign that investor appetite for the new year is whet with a preference that continues to flow to sectors such as digital assets—but only certain parts of it—and AI.
This is the company’s third funding round after both its series A and series B rounds were conducted in 2025. With the Series C, Rain has raised a total of $388 million and is now valued at $1.95 billion.
“Stablecoins are quickly becoming the way money moves in the 21st century, but adoption by users worldwide requires cards and apps that just work,” said Rain’s CEO and co-founder, Farooq Malik.
“In the last year, our active card base has increased 30x and our annualized payment volume has increased 38x, but we’re still in the early innings. This funding lets us bring that infrastructure to new markets and help additional enterprises go live and scale quickly everywhere.”
This funding round was led by ICONIQ and included participation from Sapphire Ventures, Dragonfly Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavour Catalyst.
The official statement says the money will be used to target growth in North America, South America, Europe, Asia, and Africa. It will also be used for acquisitions and for investment in new products.
The stablecoin market has grown by roughly $40 billion under the Trump administration, benefiting greatly from the GENIUS Act passed in 2025. While this spells good news, clear legislative guardrails and a mass integration of stablecoins into everyday life is yet to be seen.