Rain Raises $58M to Link Stablecoins to Visa Payments

- Stablecoin startup Rain secures $58 million in Series B funding led by Sapphire Ventures. - The company aims to bring stablecoin transactions into Visa’s global payment network. On August 28, 2025, The Block reported that stablecoin payments startup Rain raised $58 million in a Series B funding round. Sapphire Ventures led the investment, with contributions from Samsung Next, Dragonfly, Galaxy Ventures, Endeavor Catalyst, Lightspeed, and Norwest. This latest round brings Rain’s total funding to $88.5 million and solidifies its position in the expanding stablecoin ecosystem. The company focuses on integrating stablecoins into Visa's extensive global network to enable practical, day-to-day payments. Rain provides enterprise-grade infrastructure for fintechs, banks, and marketplaces, allowing them to create stablecoin-linked payment solutions such as cards and wallets. This effort aligns with growing institutional interest in stablecoins, which is driven by evolving regulatory clarity in major jurisdictions like the United States and Europe. As Rain's transaction volumes have surged tenfold since January, Jai Das, a partner at Sapphire Ventures and a member of Rain's board, highlighted the company's mission. He noted that while stablecoins have achieved market-scale adoption, Rain aims to make them usable for everyday commerce by leveraging Visa’s ubiquitous reach. As of August 28, market data showed Tether USDt (USDT) valued at $1.00, reflecting a 0.019% drop in its 24-hour trading volume, while USD Coin (USDC) was also trading at $1.00 with a 0.022% decrease in its 24-hour volume.