Stablecoin firm Rain valued at $1.95 billion in latest fundraise

, By The Economic Times
Stablecoin firm Rain valued at .95 billion in latest fundraise
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Stablecoin firm Rain said on Friday it has raised $250 million in a ⁠funding round led by ICONIQ, valuing the company at $1.95 billion, as investor interest in the crypto sector continues to grow.

Stablecoins are cryptocurrencies designed ‌to hold ‌a steady value by being pegged to assets such as the US dollar. ‌They are gaining traction with investors, consumers and large financial institutions as interest in digital assets broadens.

The sector has benefited from a more accommodating stance by regulators under the Trump administration, easing…



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Stablecoin firm Rain valued at $1.95 billion in latest fundraise

, Published By The Economic Times
Stablecoin firm Rain valued at .95 billion in latest fundraise
Funding



Stablecoin firm Rain said on Friday it has raised $250 million in a ⁠funding round led by ICONIQ, valuing the company at $1.95 billion, as investor interest in the crypto sector continues to grow.

Stablecoins are cryptocurrencies designed ‌to hold ‌a steady value by being pegged to assets such as the US dollar. ‌They are gaining traction with investors, consumers and large financial institutions as interest in digital assets broadens.

The sector has benefited from a more accommodating stance by regulators under the Trump administration, easing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Germany plans measures to combat harmful AI image manipulation
Next News
Dutch couple’s marriage annulled due to ChatGPT speech
The Economic Times

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