Rain raises $250M as stablecoins eye $56T; crypto policy push
Today’s crypto developments include a $250 million funding round for Rain, a Bloomberg Intelligence forecast that stablecoin payment flows could reach $56.6 trillion by 2030, and Stand With Crypto’s renewed focus on advancing a U.S. digital asset market structure bill ahead of a politically active year featuring midterm elections.
News
Visa-affiliated stablecoin platform Rain secures $250M
Rain, a U.S.-based stablecoin infrastructure company and principal member of the Visa payment network, closed a $250 million Series C round led by global investment firm Iconiq, according to a Friday announcement.
The round values Rain at $1.95 billion and lifts total funding to $338 million, following a $58 million Series B in August 2025 and a $24.5 million raise in March last year.
Existing backers participating in the round included Galaxy Digital’s venture arm, Sapphire Ventures, Dragonfly, Lightspeed, Norwest and Endeavor Catalyst.
Co-founder and CEO Farooq Malik said the company saw significant expansion last year, citing a 30-fold increase in its active card base and a 38-times rise in annualized payment volume. “Stablecoins are quickly becoming the way money moves in the 21st century, but adoption by users worldwide requires cards and apps that just work,” he said.
Source: Rain
The announcement added that Bessemer Venture Partners and FirstMark also joined the round.
Stablecoin flows could reach $56T by 2030: Bloomberg
Stablecoin payment flows could climb to $56.6 trillion by 2030, Bloomberg Intelligence said, a scale that would position stablecoins as a major payment mechanism in global finance.
Stablecoin payment flows between 2024 and 2025, and project flows through to 2030. Source: Bloomberg Intelligence
Stablecoin payment flows was $2.9 trillion in 2025. To hit $55.6 trillion would require a staggering 81% compounded annual growth rate over the next five years.
Bloomberg on Thursday attributed the outlook to growing institutional participation and increasing use of stablecoins in markets where consumers seek protection from inflation and economic instability.
Advocacy group prioritizes market structure bill
With attention turning toward the 2026 midterm elections, Stand With Crypto said its top objective is advancing comprehensive U.S. digital asset market structure legislation. In its year-in-review, the Coinbase-backed group reported adding about 675,000 supporters in the past year, bringing total membership to approximately 2.6 million. The organization plans to back pro-crypto candidates in congressional contests during the midterms but emphasized that its primary goal remains passage of the Responsible Financial Innovation Act to clarify oversight of digital assets.
Such legislation would aim to define the roles of U.S. regulators, including the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Source: Stand With Crypto
#Bloomberg #Visa #Cryptocurrencies #Business #Funding #Venture Capital #Adoption #Cryptocurrency Exchange #Stablecoin #Data #Companies #Institutions #Industry
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