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Rain, a stablecoin company, raised $250 million in a funding round led by ICONIQ, boosting its valuation to $1.95 billion. The firm focuses on expanding its stablecoin payment platform and has seen substantial growth in its user base and transaction volume over the past year.
A recent Innovate Finance report reveals that global fintech funding rose 21% in 2025, driven mainly by investments in payments and cryptocurrency platforms. The US led the way with $25.1 billion, while the UK and other regions also saw significant growth in funding activity.