Rain, a global stablecoin-powered card issuing platform, secured $24.5 million in funding led by Norwest Venture Partners, with participation from top-name crypto investors Galaxy Ventures, Coinbase Ventures, and Latitude Capital. With its Visa principal membership, Rain enables card issuance across multiple regions, allowing transactions to settle directly in stablecoins on various blockchain networks, eliminating the need for fiat conversion. The company has experienced rapid growth, expanding its services globally and strengthening stablecoin adoption within mainstream financial systems.
Rain Announces $24.5 Million in Funding Led by Norwest to Expand Stablecoin-Powered Card Issuing Globally
