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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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