Stablecoin fintech Rain has secured $58 million in a Series B funding round, bringing its total funding to $88.5 million, to expand its platform and infrastructure for global stablecoin adoption.

Rain aims to connect stablecoins to Visa's network, facilitating everyday commerce through compliant integration of stablecoin-powered cards, wallets, and payment programs, serving over 1.5 billion people worldwide.

This expansion coincides with the July signing of the GENIUS Act by President Donald Trump, which established a legal framework for issuing and trading stablecoins in the U.S.

Stablecoins, digital tokens pegged to assets like dollars, are increasingly used for faster payments and trading, attracting growing interest from major companies and U.S. states.

The surge in enterprise interest in stablecoins is driven by regulatory clarity from the U.S. GENIUS Act and Europe's MiCA framework, both of which are entering implementation phases, making adoption more feasible.

The company's transaction volume has increased tenfold this year, utilizing Rain’s infrastructure for merchant payouts, consumer purchases, B2B spending, and cross-border payroll, with key partners like Nuvei, Avalanche, Dakota, and Nomad.

Rain positions itself as a bridge between traditional banking infrastructure and blockchain-based payments, aiming to meet the rising demand for stablecoin integration in financial systems.

The recent funding round was led by Sapphire Ventures, with participation from notable investors including Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest.

Rain’s recent growth aligns with this regulatory environment, positioning it to capitalize on the increased demand for stablecoin solutions.

Visa has been actively integrating stablecoins into its offerings, including a partnership with Stripe's Bridge to provide stablecoin-linked debit cards in Latin America and support for USDC on Ethereum.

Rain's growth has been bolstered by its recent integration with Visa, becoming a Visa Principal Member in March 2025, which allows it to directly issue cards on the Visa network.

Rain’s strategy combines blockchain-native settlement solutions with traditional financial wellness products, targeting both enterprise infrastructure and consumer finance markets.