Visa Invests $58 Million in Rain, Boosting Stablecoin Payments

Crypto card issuer Rain secured a major funding boost of $58 million in a Series B round led by Visa. This injection will significantly advance Rain’s stablecoin-backed Visa card platform and propel its expansion into new global markets. Visa’s investment is seen as a sign of trust and confidence in the company’s approach to stablecoins, which could lead to increased adoption across traditional payment systems.