I just saw an interesting news—Rain, which focuses on stablecoin infrastructure, completed a $250 million financing round, and the company's valuation jumped directly to $1.95 billion.

In terms of the scale of financing, this round is indeed significant. More importantly, Rain is using this money for global expansion, planning to establish operations in North America, South America, Europe, Asia, and Africa. This means that the competition for stablecoin infrastructure has shifted from regional battles to a global strategic layout.

The stablecoin track has become increasingly popular in the past two years. From compliance, liquidity, to the improvement of infrastructure, all players are accelerating. The behind-the-scenes of this financing round reflects the recognition of stablecoin demand from both traditional finance and the Web3 world. What does simultaneous progress in multiple regions mean? It indicates their confidence in the global market and their expectations for stablecoins to become the foundational infrastructure for cross-border settlements.