Svmuu News: Stablecoin company Rain announced the completion of a $250 million funding round at a $1.95 billion valuation, led by ICONIQ with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. To date, the company has raised over $338 million in total funding. 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. (Bloomberg)