2026-01-09 19:35:18

The payment track has made new progress. Rain, a payment platform, completed a Series C funding round of $250 million, led by ICONIQ Capital. With this round, the company's valuation reached $1.95 billion. Including previous funding, Rain's total funding has exceeded $338 million.

In terms of business performance, it is doing quite well—annualized transaction volume has surpassed $3 billion, and it has established partnerships with over 200 partners. More importantly, as a sponsor of Visa, Rain has issued payment cards in over 150 countries. This means that stablecoin payments are no longer just a topic of discussion within the crypto community but are beginning to enter real-world global payment scenarios. As funding and business expansion progress simultaneously, the integration of traditional payment networks with Web3 is becoming increasingly close.

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DefiOldTrickster

· 54m ago

Oops, $1.95 billion valuation, $3 billion annual trading volume... These numbers look impressive at first glance, but where is the real arbitrage point? I just want to know how much IRR Rain's recent funding round can achieve, and whether ICONIQ's $250 million investment can truly buy significant influence. Regarding issuing cards in over 150 countries, it sounds great, but has stablecoin truly circulated locally? I've seen too many cases of "global expansion" during bear markets that ultimately turned into mere digital games. With a funding scale exceeding $338 million, the way this money is spent is crucial—whether it can sustain until the day of real profitability... Don't be blinded by the stories.

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RunWithRugs

· 01-09 19:59

$3 billion in transaction volume sounds impressive, but how many real users have actually been onboarded? I just want to know. --- Visa, issuing cards in over 150 countries, this is true cross-industry integration, not just talking about Web3. --- 融3.38亿融资, this valuation is a bit mysterious. Let's wait and see if the subsequent business can keep up. --- Whether stablecoin payments truly go mainstream still depends on user stickiness; having just a card isn't enough. --- Over 200 partners sounds spectacular, but how many are truly active? --- This is the right path for Web3—it's not about speculating on coins, but about real application deployment. --- A $1.95 billion valuation for Rain suggests the market is still optimistic about the payments sector, but the risks are also high. --- Is the data about issuing cards in 150 countries real? It seems a bit exaggerated.

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YieldHunter

· 01-09 19:56

wait hold up... $30B annualized volume but $1.95B valuation? if you look at the data that's like a 15x revenue multiple lol. technically speaking that doesn't exactly scream sustainable returns unless there's some gnarly unit economics hiding in there. Visa partnerships are cool n all but degens always get caught sleeping on the actual traction metrics... where's the margin profile tho

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DecentralizedElder

· 01-09 19:44

Rain's fundraising scale is truly outrageous; a valuation of 1.95 billion is no small figure... But to be honest, issuing cards in over 150 countries is a bit uncertain; only real implementation counts.

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SchrodingerPrivateKey