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Rain, the Bahrain-based fintech company specializing in stablecoin-based financial solutions, announced the successful closure of a $250 million funding round, pushing the company’s valuation to approximately $1.95 billion. This reflects growing investor interest in digital finance infrastructure.

The funding comes amid rapid growth in the stablecoin sector, driven by increasing use in cross-border payments, liquidity management, and instant settlements, along with growing adoption by traditional financial institutions seeking more efficient and cost-effective digital solutions.

Rain focuses on developing stablecoin-based financial products, including payment platforms, card issuance, and real-time settlement services, catering to businesses and institutions that want to leverage blockchain advantages without exposure to cryptocurrency price volatility.

The new funding is expected to support Rain’s expansion into new markets, enhance technical capabilities, and develop additional financial products to meet growing global demand. The company’s near-$2 billion valuation highlights investor confidence in its business model and the increasing role of stablecoins in the global financial system, especially amid evolving regulatory frameworks.