Stablecoin company Rain announces completion of a $250 million funding round at a valuation of $1.95 billion, led by ICONIQ. To date, the company's total funding exceeds $338 million. Rain helps clients launch stablecoin cards on the Visa network. The company plans to use this capital to expand its presence in North America, South America, Europe, Asia, and Africa, and will also utilize these funds to adapt to the rapidly changing global regulatory environment.