tl;dr
**Rain Rides the Stablecoin Wave, Secures $58M to Revolutionize Global Payments**
When Rain, a San Francisco fintech, announced a $58 million Series B funding round, it wasn’t just another startup securing capital—it was a seismic shift in the world of digital finance. The company, which issues V...
**Rain Rides the Stablecoin Wave, Secures $58M to Revolutionize Global Payments**
When Rain, a San Francisco fintech, announced a $58 million Series B funding round, it wasn’t just another startup securing capital—it was a seismic shift in the world of digital finance. The company, which issues Visa debit and credit cards powered by stablecoins, is now poised to turn blockchain-based money into a seamless tool for everyday transactions, from buying coffee in Tokyo to paying rent in São Paulo.
**A Bridge Between Blockchain and the Real World**
Stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar—have long been praised for their stability but criticized for their limited utility. “Until now, stablecoins couldn’t be easily spent,” says Jai Das, a new Rain board director and partner at Sapphire Ventures. “Rain is fixing that by connecting them to Visa’s global network, turning them into money usable for everyday commerce.”
With this latest funding, Rain’s total capital now exceeds $88.5 million, a leap from its $24.5 million Series A just five months ago. Investors like Samsung Next, Sapphire Ventures, and Galaxy Ventures see the move as a vote of confidence in blockchain’s potential to redefine payments.
**From Niche to Mainstream: The Stablecoin Surge**
Rain’s mission is clear: make stablecoins as functional as cash. The company provides infrastructure for fintechs, banks, and marketplaces to issue stablecoin-backed cards and wallets. Since January 2025, its transaction volume has exploded tenfold, with millions of purchases processed across 150 countries.
“Money originally moved instantly,” says Farooq Malik, Rain’s CEO and co-founder. “We spent centuries slowing it down. Rain is bringing that simplicity back across any border, platform, or currency.”
Stablecoins like Tether’s USDT ($167 billion in circulation) and Circle’s USDC are already the backbone of global commerce. Analysts predict the sector could swell to trillions in value within years, a trend Rain is poised to capitalize on.
**Regulation Fuels the Revolution**
The surge in enterprise interest in stablecoins isn’t accidental. In 2025, the U.S. GENIUS Act and the EU’s MiCA framework introduced clearer compliance guidelines, easing fears around money laundering and fraud. This regulatory clarity has spurred major banks, including Bank of America, to explore issuing their own stablecoins.
Rain is uniquely positioned to benefit. As a Visa Principal Member, it directly settles all card payment volume in stablecoins on the Visa network. Its platform is built natively for stablecoins, not retrofitted from traditional fiat systems, offering enterprises unmatched flexibility and compliance.
**Competition Heats Up**
But Rain isn’t the only player in the game. Crypto wallet giant MetaMask recently announced plans for its own card, enabling users to pay with stablecoins at Mastercard-accepting merchants by year-end. The digital payments landscape is becoming a battleground, with Rain’s focus on institutional partnerships and seamless integration setting it apart.
**The Road Ahead**
With $58 million in its pocket, Rain’s next challenge is scaling its vision. The company aims to make stablecoins as ubiquitous as cash, a goal that hinges on expanding its network, improving user experience, and outpacing rivals.
As the world watches, one thing is clear: the future of payments isn’t just digital—it’s stable, fast, and borderless. Rain’s journey is just beginning.
**What do you think? Could stablecoins one day replace traditional money for everyday transactions?**