Onchain rails have proven their value.
Rain is making them usable by everyone, and keeping them invisible in the process.
Today, we’re announcing our $250M Series C at a $1.95B valuation to keep building.
🧵
🇦🇷 Argentina
The peso lost more than 99% of its value in a decade.
Households moved their savings into digital dollars, which now make up the majority of crypto bought on exchanges in the country.
🇧🇴 Bolivia
Liquid dollar reserves fell as low as $73M in late 2025.
Stablecoins became the working substitute. Businesses use them to pay foreign suppliers. Consumers save and spend through apps like @somosmeru.
🇺🇾 Uruguay
Adoption here is regulation-led. A stable economy and a 2024 law recognizing virtual assets created one of the region's cleanest paths to build. The fintechs followed.
🇧🇷 Brazil
Stablecoins are 90% of the country's entire crypto volume.
Pix already owns domestic payments. Businesses use stablecoins for what Pix can't do: paying suppliers abroad and holding dollars.
🇨🇴 Colombia
99% of pesos entering exchanges go straight into stablecoins.
Most of the use is remittances: a $10B market reaching 4 in 10 Colombians, where stablecoins settle faster and usually cost less.
🇲🇽 Mexico
The largest remittance corridor on earth: a record $64.7B in 2024. Incumbents here are fast, cheap, and entrenched. Stablecoins are taking share anyway.
@Bitso alone processed roughly 10% of those payouts.
Our own @caseywagnerr breaks down how six countries put stablecoins to work on six very different problems.
Highlights below.
Full report, in English and Spanish:
Latin America moved $1.5T onchain in three years.
Most of it in stablecoins.
Today we published the State of Stablecoins in Latin America.
The finding: adoption is structural, not speculative. And the companies driving it are homegrown.
Rain is on the inaugural Fortune Crypto 100.
The list features crypto natives ranked alongside the largest institutions in finance.
Another sign that an industry once defined by speculation has become financial infrastructure that moves real value at global scale.
Rain makes
Excited to build on our @Mastercard principal membership and partner on Agent Pay for Machines.
Payments made by machines will be far more frequent and far smaller than today's systems were designed for.
This is another step in expanding support for the agentic future.
As AI agents begin to act, payments move into the background — at machine speed and massive scale.
Today we’re introducing Mastercard Agent Pay for Machines — bringing structure, governance, and trust to this new class of payments.
Launching with 30+ partners to bring this to