- Rain raises $58 million led by Sapphire Ventures.
- Investment supported by Samsung Next.
- Expansion of global payment infrastructure planned.
Visa-powered stablecoin firm Rain has secured $58 million in Series B funding with contributions from Samsung and Sapphire Ventures, marking a significant investment towards expanding global stablecoin payments.
The funding highlights increased interest from traditional tech sectors in stablecoin infrastructure, positioning Rain to enhance its Visa integration and impact global fintech and crypto markets.
Investor Confidence in Stablecoin Solutions
The funding announcement indicates a strong commitment from institutional investors, reflecting a growing demand for stablecoin solutions. Rain’s integration with Visa allows debit and credit cards linked to cryptocurrencies to be used widely, bridging digital asset spending with fiat merchant networks.
Series B Funding Details
The Series B funding, which brings Rain’s total to $88.5 million, is expected to bolster its technology for stablecoin transactions. This investment also aligns with new regulatory frameworks, enhancing compliant financial operations globally.
Future of Stablecoin Payment Systems
The involvement of major investors suggests an uptick in the adoption of stablecoin payment systems. As regulatory support like Europe’s MiCA emerges, companies aligning with these frameworks may see increased adoption and trust in digital payments.
Experts suggest such financing aids scalable on-chain payment systems, resembling developments seen with firms like Circle. With heightened investment, there could be a boost in USDT, USDC transactions and cross-border liquidity solutions.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |