A Visa-linked stablecoin platform named Rain has successfully raised $250 million, achieving a valuation of $1.95 billion. This valuation follows a reported 30-fold growth in card usage projected for 2025. According to reports, the platform intends to use the new capital for expansion across multiple continents. The development highlights the increasing interest and investment in stablecoin platforms, particularly those integrated with established payment networks like Visa.

A Visa-linked stablecoin platform named Rain has successfully raised $250 million, achieving a valuation of $1.95 billion. This valuation follows a reported 30-fold growth in card usage projected for 2025. According to reports, the platform intends to use the new capital for expansion across multiple continents. The development highlights the increasing interest and investment in stablecoin platforms, particularly those integrated with established payment networks like Visa.